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Qupital, Asia’s leading fintech platform for supply chain financing in e-commerce, announces the refinancing of its securitization facility, with HSBC joining Citigroup as a senior lender. This milestone reflects company’s commitment to SME financial accessibility.
With over US$2B disbursed since 2016 and a low default rate, the company pioneers e-commerce loans securitization. The new facility, backed by HSBC’s New Economy Fund, enhances Qupital’s financing solutions for global trade platforms like Amazon and Tmall.
CEO Winston Wong emphasizes the significance of bank-fintech collaboration in empowering e-commerce growth, leveraging partnerships with Citi and HSBC to expand loan origination and product offerings.
“This enhanced facility is not just a testament to the robustness of our business potential but also a clear indicator of the trust and confidence that leading global financial institutions have in our vision,” he says.
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