Qupital Raises $150M in Series B Funding

The video discusses a data-driven ecommerce lending platform that has raised $150 million to accelerate growth. The company uses data from platforms like Amazon and eBay to make credit decisions for SMEs. Despite not being profitable yet, they aim for profitability by Q1 2022. Their Series B round was led by Greater Bay Area Homeland Investments, providing significant support. The company faces liquidity challenges due to China's deleveraging but has secured a facility with Citigroup. They plan to expand into the USA and Japan, offering loans in local currencies.

How much capital was raised in the new funding round mentioned?

What are the main platforms used for data to underwrite credit decisions for SMEs and e-commerce brands?

What is the expected timeline for profitability as stated in the text?

What challenges are SMEs facing in finding borrowing opportunities in mainland China?

Which countries are being considered for international expansion in 2022?