Trade financing platform Qupital has inked a deal with eBay to become one of its officially recommended financing service providers in Hong Kong.
TechCrunch reported that the deal will enable Qupital to monitor data of eBay sellers who apply to their services in real time.
The Hong Kong-based SME trade financing platform secured $15m in a Series A investment round in March 2019.
The round was led by CreditEase FinTech Investment Fund, with additional funds coming from Alibaba Entrepreneurs Fund and Mindworks Ventures, both having participated in the startups seed round.
?The growing volume of SME and cross-border trading drives a huge demand for alternative financing for SME who are underserved in the market and opportunities for investors to earn a decent risk-adjusted return,” said Dennis Cons, managing director at CreditEase FinTech Investment Fund, at the time.
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