What is Qbit? Qbit Review, Features

Qbit (Hangzhou Qbit Network Technology Co., Ltd.) is a financial technology and enterprise service company dedicated to creating world-leading, efficient, convenient, high-quality and diversified cross-border financial services for overseas companies, and opening up the global capital flow chain for companies.

About Obit

Founded in 2019, Qbit is a neobank that provides one-stop overseas fund management services for Chinese companies going global. It has core products such as global accounts, "quantum" virtual cards, BaaS, particle financial management, and singularity financing, as well as value-added services such as overseas company registration and upstream and downstream ecological resource docking. By building a global one-stop financial infrastructure and empowering customers with technological innovation, Qbit is committed to creating a world-leading, efficient, convenient, high-quality and diversified cross-border financial service for overseas companies, and opening up the global capital flow chain for enterprises.

At present, Qbit has completed a US$10 million Series A financing round invested by Zhen Fund. It serves more than 3,000 overseas brand companies, has localized service centers in four cities around the world, and has reached strategic cooperation with many well-known banks and financial institutions around the world.

Obit's products and services

Qbit has always taken "innovation" as the core of its products and services, and has established cooperation with many banks around the world to make clearing faster and to clearly see the flow of funds.

1. Global Account: Global collection and payment, one-stop solution

• Open an overseas bank account with the same name online, quickly open local bank accounts in multiple currencies such as US dollars, euros, and pounds, and start using them; support account opening for companies in mainland China, Hong Kong, China, the United States, etc.; 0 yuan account opening, 0 management fees, no minimum deposit requirements, and an account opening period of 1-3 working days.

• Supports binding with global mainstream e-commerce platforms and acquiring tools such as Amazon, Shopify, Paypal, Stripe, Klarna, etc.; integrates local payment networks such as the United States, Europe, and Southeast Asia, and the fastest T+0 payment is available; supports 180+ countries and regions, supports 40+ mainstream currencies such as USD, EUR, GBP, supports large or batch payments, and supports corporate same-name payments.

• Support automatic synchronization of orders from mainstream platforms such as Shopify and SHOPLINE, support RMB inbound withdrawals, provide real-time preferential exchange rates, better than bank rates, have licenses in multiple countries and regions, cooperate with domestic licensed institutions, and receive funds on the same day at the fastest.

2. Quantum Virtual Card: Intelligent Expense Management Solution

• The quantum virtual card is issued by Qbit in cooperation with overseas card issuers and is mainly aimed at corporate users. Qbit breaks down payment barriers and scenario limitations through precise layout of the payment market, provides intelligent spending control solutions, meets diversified fund management needs, and brings a good payment experience to overseas companies.

• Qbit quantum virtual card can meet the flexible card usage needs of enterprises in multiple scenarios and provide intelligent expense management solutions. With only one platform, N virtual cards can be easily managed. It supports all scenarios of VISA and Mastercard online consumption, supports query of various transaction records, dynamically manages credit limits, sets account expenses and reconciliation, and helps enterprises grow efficiently.

3.BaaS: Innovative OPEN API Solution

• Modular output of underlying capabilities such as account opening, card issuance, payment, and currency exchange to match corporate needs, embedded financial services, and provide financial infrastructure in multiple scenarios. It includes an integrated solution for multi-currency accounts, virtual card issuance, global collection, currency exchange, and international payments.

• An integrated solution that integrates account opening, card issuance, payment, and currency exchange to empower enterprises. It can open sub-accounts for customers in real time and provide a variety of practical functions such as account management, global collection, currency exchange, and international payment. It can be connected with just a few lines of code, is developer-friendly, and can be flexibly combined with functional modules as needed for customization.

4. Overseas company registration

Supports entity registration in Hong Kong, China and the United States; pure online material submission, standardized process, convenient and fast registration. After registration is completed, you can open a global account and "quantum" virtual card with one click, which greatly reduces time and cost and is the best channel for rapid overseas expansion.

Service Areas

Serving nine industries around the world: cross-border e-commerce, traditional foreign trade, crowdfunding, digital marketing, game overseas, APP developers, education overseas, pan-entertainment overseas and logistics industry

Advantages

• Security: Bank-level risk control and anti-money laundering systems make every transaction easier and safer;

• Professional: fully meet user needs, one-click management of overseas funds, professional and efficient service team;

• Convenient: Online operation, one-stop opening of overseas entities, local bank accounts, and virtual cards; simple and easy-to-use interface, quick to get started;

• Service: 5-minute customer service quick response; consultants and technical support full tracking; free training and service support.