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May 18, 2017 12:00 am GMT

Hong Kongs Qupital raises $2M led by Alibaba to finance invoice loans for SMES

Qupital, a one-year-old Hong Kong-based startup that addresses cash flow issues for SMEs, has closed a $2 million seed funding round. The is certainly a notable size for an early stage investment in Hong Kong’s nascent but growing startup scene. The financing was led by Hong Kong-London firm MindWorks Ventures and the $130 million AlibabaEntrepreneurs Fund which launched in 2015.… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/soMpr4kSWss/

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