Qupital Raises $300M Series C+ Led by M Capital to Expand AI-Driven Cross-Border Trade Finance

Qupital Secures $300M Series C+

Hong Kong-based fintech Qupital has raised $300 million in a Series C+ round led by M Capital, according to funding data dated September 13, 2026. The round brings additional institutional capital to a platform that has built its business around financing cross-border e-commerce sellers.

What Qupital Does

Qupital specializes in AI-driven cross-border e-commerce trade finance. The company provides working-capital financing to online sellers through a proprietary big-data risk-control engine. That engine is central to how the platform evaluates and underwrites the sellers it funds.

On the funding side, Qupital supports its programs with institutional capital, including asset-backed securities facilities from partners such as MUFG and Citi. This structure allows the company to scale its financing programs beyond a traditional balance-sheet model.

Company Background

Qupital was founded in 2016. In addition to its Hong Kong headquarters, the company operates offices in Shanghai and Shenzhen. The Series C+ stage indicates the company has moved through multiple rounds of private financing and is now scaling its operations and capital programs.

Round Details

• Round type: Series C+
• Amount raised: $300,000,000
• Currency: USD
• Funding date: September 13, 2026
• Lead investor: M Capital
• Investors: M Capital

Why This Matters for the Trade Finance Market

Cross-border e-commerce sellers often face working-capital gaps between paying for inventory and receiving payment from marketplaces. Qupital's model addresses that gap with data-driven risk assessment rather than traditional collateral-heavy lending. The use of asset-backed securities facilities from large financial institutions signals that the company's loan portfolios are structured to attract institutional funding.

The Series C+ round, led by M Capital, provides Qupital with additional capital to expand its financing programs. For a company operating in Hong Kong, Shanghai, and Shenzhen, the raise also supports its position across key e-commerce and trade corridors in Asia.

Acquisition Angle

For acquirers and strategic investors, Qupital represents a combination of fintech infrastructure and trade finance expertise. Its proprietary risk-control engine, institutional funding relationships, and cross-border footprint could be attractive to banks, payment processors, or larger lending platforms looking to add e-commerce trade finance capabilities.

The company's existing relationships with MUFG and Citi on asset-backed securities facilities demonstrate that its underwriting and portfolio management have passed institutional diligence. That can shorten the evaluation process for a potential acquirer.

What to Watch

• How Qupital deploys the $300 million across its financing programs
• Whether the company expands its institutional funding partnerships beyond MUFG and Citi
• Growth in its seller base across Hong Kong, Shanghai, and Shenzhen
• Any further product expansion within cross-border e-commerce trade finance

Qupital has not disclosed valuation or specific deployment plans for the new capital. The funding date and investor information come from the company's funding payload.