CreditEase, a SME Finance Forum member, announced that its direct investment arm, CreditEase FinTech Investment Fund (CEFIF), led the investment of Qupital's Series A capital raise of USD 15 million, with additional capital injections from the Alibaba Entrepreneurs Fund and MindWorks Ventures following their initial investments in the seed round. Qupital plans to use the funds to expand their presence in mainland China, enlarge their technology development and risk management teams, and strengthen its fast-growing, cross-border e-commerce expansion.

Qupital is Hong Kong's largest online, small and medium enterprise (SME) trade financing platform, operating on a user-driven, safe and secure online platform, Qupital enables SME businesses to raise quick quality capital in a matter of few clicks by connecting them with professional investors in equitable win-win opportunities.