# Qupital Raises $300M in Series C Led by M Capital and New MUFG ABS Financing, Eyes Overseas Markets and IPO

- Link: https://www.thailand-business-news.com/pr-news/qupital-raises-300m-in-series-c-led-by-m-capital-and-new-mufg-abs-financing-eyes-overseas-markets-and-ipo
- Published: 2026-09-14T08:00:00+07:00
- Author: PR Newswire

Sustained profitability, industry leading performance, and tech driven automation
position Hong Kong’s digital trade finance leader for its next phase of expansion.

HONG KONG, Sept. 13, 2026 /PRNewswire/ — Qupital, Asia’s leading AI-driven fintech
platform specializing in cross border e-commerce trade finance, today announced 
US$300 million in combined new capital commitments, anchored by its Series C funding
round. The financing is led by prominent Asia-headquartered asset manager M Capital,
alongside additional ABS commitments from Mitsubishi UFJ Financial Group (MUFG) 
and Quester Capital.

With tens of thousands of enterprises served, cumulative loans processed by Qupital
have surpassed US$9.5 billion. The new capital will expand Qupital’s financing capabilities
across China, the US, Japan, and Southeast Asia, while further scaling its proprietary
AI risk engine and maintaining exceptional credit performance.

**Profitable Growth Driven by Tech Automation**

The financing comes on the heels of continuous operational excellence, with Qupital
compounding profitability over the past two years. By leveraging real-time sales
and operational data from merchants selling on leading global marketplaces including
Amazon, TikTok Shop, TMall, and JD.com, Qupital’s automated risk engine drives agile
underwriting, delivering high operational leverage and rapidly expanding profit 
margins.

"Double digit year-on-year growth in cross-border e-commerce drives an unprecedented
trillion-dollar liquidity gap, and this Series C round puts Qupital in prime position
to bridge it. We are capturing this massive wave head on to build the core financial
infrastructure for global e-commerce to support underserved SMEs."
— Andy Chan, 
Co-Founder & President of Qupital

"Agentic commerce and social e-commerce are redefining the speed of global trade.
AI automation addresses traditional underwriting time lags to deliver higher efficiency
and flexibility, and processes massive datasets, which are beyond human capability,
to refine credit decisions. Converting live transactional data into instant trade
credit is no longer just an advantage, it is the baseline for the future of digital
commerce."
— Winston Wong, Co-Founder & CEO of Qupital

**Strategic Roadmap Toward Capital Market Milestones**

Proceeds from this milestone capital raise will be deployed to expand Qupital’s 
loan pool to serve high growth e-commerce businesses globally, while simultaneously
accelerating AI R&D and proprietary technology development. By harnessing its AI
risk engine and credit automation, Qupital expects its profit margins to expand 
to over 45% within the next twelve months. The company is now actively exploring
capital market opportunities including IPO, fundraising and strategic acquisition
to scale operations and optimize capital structure.

**About Qupital**

Qupital is Asia’s leading fintech platform specializing in data driven financing
solutions for digital businesses. Headquartered in Hong Kong, Qupital empowers e-
commerce businesses trading on platforms including Amazon, JD.com, Tmall, TikTok
Shop, and Pinduoduo, with working capital. As the first platform in Asia to securitize
e-commerce merchant loans, Qupital pairs industry leading credit performance and
sustained profitability with backing from global financial institutions and strategic
investors, including Alibaba, MindWorks Capital, Greater Bay Area Homeland Development
Fund, and Innovation and Technology Ventures Fund of the Hong Kong SAR Government.

**About M Capital**

Based in Hong Kong, M Capital Group ("M Capital") is a financial services group 
with global reach. Driven by the firm’s philosophy to excellence, M Capital is committed
to serve its clients to its highest standards. M Capital strives to be a leading
alternative asset management company in Hong Kong, helping professional investors,
including but not limited to, high net worth individuals, family offices, financial
institutions, corporations, and offshore funds to generate long-term sustainable
risk-adjusted returns.

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