What is Qupital? Qupital Review, Features

Qupital (Qiupidao Limited) is a supply chain financial technology company headquartered in Hong Kong. It is committed to creating a one-stop supply chain financing platform for cross-border e-commerce and a wide range of small and medium-sized enterprises through cutting-edge technology and wind pipe systems, helping enterprises to expand their markets and businesses by optimizing cash flow. Qupital connects small and medium-sized enterprises with professional investors through the platform with equal win-win opportunities, enabling small and medium-sized enterprises to quickly and efficiently raise high-quality funds.

About Qupital

Qupital is a trade financing platform designed specifically for SMEs in Greater China. Its biggest hope is to allow SMEs to access fast and high-quality sources of funds so that entrepreneurs can focus on what is important to them - business growth, rather than worrying about cash flow. Through the online platform, Qupital provides SMEs with affordable operating funds from professional investors. Not only traditional trade and service industries can benefit from it, but cross-border e-commerce companies can now also conduct convenient trade financing here. Investors on the Qupital platform include high net worth individuals, family offices and institutional investors.

Financing options

1. Import e-commerce financing

(1) Introduction: Whether you are a supplier on Tmall, JD.com or NetEase Kaola, Qupital’s flexible, non-collateralized funding can support your import e-commerce trade.

(2) Financing process:

①Simple registration: The company needs to provide: company background information, company financial status (such as financial statements); bank statements within six months; e-commerce platform information.

②Add your customer/e-commerce platform information: Add your customer to the account. At the same time, Qupital will open a new bank account for you so that you can receive financing funds.

③Upload invoices: You can upload one or more invoices for financing purposes. Unlike traditional invoice financing, Qupital does not require customers to upload all invoices for financing. You can only select the invoices that need financing according to your company's needs.

④ Receive payment within 24 hours: After the documents are verified, Qupital's professional investors will purchase your company's invoices through bidding. You can receive up to 90% of the payment within 24 hours at the fastest. When your customer repays, Qupital will deposit the balance into your account after deducting relevant fees.

(3) Financing cost: service fee (fixed percentage of invoice value) + discount rate (depending on the actual financing amount).

(4) Application conditions: The company must be registered in Hong Kong; have an annual turnover of at least US$2 million; operate its business on a bookkeeping/credit basis; and have a trading record of at least twelve months.

(5) Value-added services: If your company is using the following accounting software, your application will be approved faster: Clear Books, Exact, FreeAgent, FreshBooks, KashFlow, Quickbooks Desktop, Quickbooks Online, Sage 50 / Peachtree, Sage One, Xero.

2. Foreign trade e-commerce financing

(1) Introduction: Whether you are a seller on Amazon, eBay or Lazada, Qupital's flexible, non-collateralized funding can support your foreign trade e-commerce business.

(2) Financing process:

① Simple registration: The company needs to provide: company background information; company financial status (such as financial statements); bank statements within six months; and enable the API connection function of the e-commerce platform.

②Set the loan period: Qupital's specialists will assist you one-on-one in setting up your account and loan details, such as loan amount, interest rate, repayment period, etc. to suit your needs.

③Receive payment within 48 hours: After the documents are verified, you can receive the payment within 48 hours at the earliest.

(3) Loan cost: service fee (a fixed percentage of the loan amount) + discount rate (depending on the actual loan amount).

(4) Application conditions: The company must be registered in Hong Kong; have a trading record of at least six months; and have completed e-commerce API connection with the Qupital system.

(5) Value-added services: If your company is using the following accounting software, your application will be approved faster: Clear Books, Exact, FreeAgent, FreshBooks, KashFlow, Quickbooks Desktop, Quickbooks Online, Sage 50 / Peachtree, Sage One, Xero.

Development History

-In March 2016, Qupital Co., Ltd. was established.

-In August 2016, the accounts receivable financing platform was officially launched.

-In May 2017, the seed round of financing was led by Alibaba Entrepreneurs Fund and Concept Capital.

-In September 2017, we signed a bank multi-fold credit insurance policy with Euler Hermes.

-In March 2018, Qupital and Alibaba B2B officially established a strategic partnership, aiming to help more B2B companies that intend to transform into e-commerce to expand their market business by optimizing cash flow.

-In March 2019, Qupital completed a US$15 million Series A financing. This round of financing was led by CreditEase and will be used to deepen its business in Greater China.

-In the fourth quarter of 2019, Qupital launched an offshore USD/HKD financing product, Bridge Loan, specifically for cross-border e-commerce sellers on international e-commerce platforms, hoping to help domestic e-commerce sellers improve their capital turnover efficiency and market competitiveness.