Hong Kong-based Qupital announced it has raised $300m (£222.5m) in its series C funding round.

The AI-driven fintech platform, specialised in cross border e-commerce trade finance, is set to use the new capital to expand its financing capabilities across China, the US, Japan, and Southeast Asia.

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The primary new funding was led by alternative asset manager M Capital, alongside additional ABS commitments from Mitsubishi UFJ Financial Group and Quester Capital.

Qupital leverages real-time sales and operational data from merchants selling on global marketplaces and uses an automated risk engine for underwriting.

Since its inception, cumulative loans processed by Qupital have surpassed $9.5bn.

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“Agentic commerce and social e-commerce are redefining the speed of global trade,” said Winston Wong, Qupital’s co-founder and chief executive.

“AI automation addresses traditional underwriting time lags to deliver higher efficiency and flexibility, and processes massive datasets, which are beyond human capability, to refine credit decisions. Converting live transactional data into instant trade credit is no longer just an advantage, it is the baseline for the future of digital commerce,” he added.

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By harnessing its AI risk engine and credit automation, Qupital expects its profit margins to expand to over 45% within the next twelve months. The company is also actively exploring other capital market opportunities, such as an IPO and strategic acquisitions, to further scale operations and optimise capital structure.