HomeFunding Fintech Startup Qupital Raises Strategic Investment from Lending Ark

[Funding News] Fintech Startup Qupital Raises Strategic Investment from Lending Ark

Qupital, the top data-driven fintech platform in Asia with a focus on supply chain financing solutions for e-commerce companies, announced that Lending Ark Asia Secured Private Debt Fund, advised by CITIC Securities CLSA Capital Partners (HK) Limited, has made a sizable investment in the company.

Qupital, the top data-driven fintech platform in Asia with a focus on supply chain financing solutions for e-commerce companies, announced that Lending Ark Asia Secured Private Debt Fund, advised by CITIC Securities CLSA Capital Partners (HK) Limited, has made a sizable investment in the company.

The mezzanine tranche investment would strengthen Qupital’s securitization facility backed by e-commerce receivables, which has received significant support since HSBC and Citi joined the Senior tranche in May 2024. The capital infusion would strengthen the securitization facility’s capacity to provide adaptable and fairly priced supply chain financing solutions to a greater number of international e-commerce merchants.

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Andy Chan, Co-founder & President of Qupital, commented, “We are thrilled to be partnering with Lending Ark to bolster our funding capabilities. As seasoned experts of supply chain financing, we have established strong partnerships with major inventory, logistics and payment services such as Cainiao and Airwallex to facilitate trade on e-commerce platforms like Amazon, Tmall, Pinduoduo and JD.com. Having Lending Ark on board will allow us to deploy capital more efficiently, as well as fulfilling the strong demands for working capital from cross-border e-commerce merchants while daily online consumption continues to grow globally. We are grateful to have the team to support our vision and ambition.”

When it comes to Asian asset-backed loan investments, Lending Ark leads the industry. Lending Ark is a pioneer in the creation of distinctive asset-backed investments in Hong Kong, South Korea, Australia/New Zealand, Indonesia, and Vietnam, and it currently oversees commitments totaling more than $1 billion. “Qupital, quintessentially, represents the explosive growth opportunities across the Asia Pacific region in e-commerce,” says Gregory Park, Head of Lending Ark Fund.

Qupital was the first fintech company in Asia to securitize e-commerce receivables, and since 2016, it has disbursed over US$2B while maintaining an exceptionally low default rate of less than 0.1%. This has been made possible in large part by the company’s sophisticated proprietary credit model, which is fueled by AI and big data analytics. Due to the company’s exceptional track record, several respectable institutional investors have agreed to contribute to its finance. A calculated move to strengthen Qupital’s position in the trade financing industry is the acquisition of Lending Ark.

About Qupital

Qupital is a FinTech firm with headquarters in Hong Kong that specializes in data-driven financing. It mainly serves Chinese merchants that sell to customers in the US and Europe via websites like Amazon, eBay, Shopee, and Lazada, as well as domestic Chinese merchants on JD.com, Tmall, and Pinduoduo, among others. It has distributed more than US$2 billion since 2016 with a very low default rate of less than 0.1%, exhibiting performance that leads the industry. Alibaba, the Greater Bay Area Homeland Development Fund, and the Hong Kong government are a few of its well-known investors.

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