# Qupital funding: rounds and investors

> Qupital has raised $315M across 2 rounds since 2019. Investors include Citibank, Gobi Partners and Alibaba. Every round with its source.

Source: https://millionrounds.com/company/qupital (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Qupital*

2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$315M** raised across 2 rounds since 2019, from 2 sources

**$15M** Series A **$300M** Series C

- **Latest round:** Series C, $300M Sept 2026
- **Step-up i:** 20×
- **Investors:** 5

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025 2026

**$15M** Series A

**$300M** Series C

- **First round:** Series A, $15M
- **Biggest round:** $300M
- **Between rounds:** 7.4 years

## The rounds

- **Sept 2026** Series C **$300M** *2 new* [Citibank](https://millionrounds.com/fund/citi) [Gobi Partners](https://millionrounds.com/fund/gobi-partners) Source recorded
- **Mar 2019** Series A **$15M** *3 new* [Alibaba](https://millionrounds.com/fund/alibaba) [MindWorks Capital](https://millionrounds.com/fund/mindworks-capital) Hong Kong Entrepreneurs Fund Reported by TechCrunch

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Series C** 2026 [Citibank](https://millionrounds.com/fund/citi) [Gobi Partners](https://millionrounds.com/fund/gobi-partners) [Alibaba](https://millionrounds.com/fund/alibaba) [MindWorks Capital](https://millionrounds.com/fund/mindworks-capital) Hong Kong Entrepreneurs Fund

## Everyone who backed them

[Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round

[Gobi Partners](https://millionrounds.com/fund/gobi-partners) VC firm **1** round

[Alibaba](https://millionrounds.com/fund/alibaba) Growth equity **1** round

[MindWorks Capital](https://millionrounds.com/fund/mindworks-capital) VC firm **1** round

Hong Kong Entrepreneurs Fund no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=qupital).

## Also claim to have backed them

This firm lists Qupital as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Silverhorn Investment Advisors](https://millionrounds.com/fund/silverhorn-group) VC firm Per its own site

## Quick answers about Qupital

### Who invested in Qupital?

Qupital's investors include Citibank, Gobi Partners, Alibaba, MindWorks Capital and Hong Kong Entrepreneurs Fund.

### How much has Qupital raised?

Qupital has raised $315M across 2 rounds since 2019.

### When did Qupital last raise?

Qupital's most recent round was a Series C of $300M in Sept 2026.

### What was Qupital's biggest round?

Its most recent round, $300M in Sept 2026, is also its largest on record.

### Who backed Qupital first?

Qupital's first round on record, in Mar 2019, was backed by Alibaba, MindWorks Capital and Hong Kong Entrepreneurs Fund.

### What stage is Qupital at?

Qupital's latest named round is a Series C, in Sept 2026.

### Where is Qupital based?

Qupital is based in Hong Kong SAR China.

## Companies like Qupital

In the same sector, and raised in the last eighteen months.

[**FundPark** $250M · Sept 2026](https://millionrounds.com/company/fundpark)[**TurboFlow** $6.0M · Jun 2026](https://millionrounds.com/company/turboflow)[**SignalPlus** $51M · May 2026](https://millionrounds.com/company/signalplus)[**WeLab** $630M · Jan 2026](https://millionrounds.com/company/welab)[**RedotPay** $194M · Dec 2025](https://millionrounds.com/company/redotpay)[**Riverchain** $5.0M · Oct 2025](https://millionrounds.com/company/riverchain)

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