The small and medium enterprises (SMEs) play a vital role in a country’s economic growth. Unlike start-ups, this sector has less funding options to choose from. However, many online lending platforms are aiding this sector by providing different financing options.
Fintech start-up Qupital, which claims itself to be the Hong Kong’s largest online, small and medium enterprise trade financing platform, has recently raised US$15m in a Series A round led by CreditEaseFinTech Investment Fund (CEFIF), a leading fintech fund under CreditEase, with additional capital injections from the Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, following their initial investments in the seed round.
