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Hong Kong-based fintech startup Qupital raises $15M Series A to expand in mainland China
Qupital, a fintech startup that bills itself as Hong Kong’s largest trade financing platform for SMEs, has closed a $15 million Series A led by CreditEase FinTech Investment Fund (Cefif), with participation from returning investors Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, both participants in its seed round. To date, Qupital has raised $17 million, including a seed round two years ago, and will use its latest funding to expand its supply chain financing products, launch in mainland Chinese cities and hire more people for its tech development and risk management teams. (Fonte: TechCrunch)
Google to announce deal with Cuba on improving connectivity
Alphabet Inc’s Google plans to announce a memorandum of understanding with Cuban telecoms monopoly Etecsa on Thursday to explore ways of improving connectivity on the Communist-run island, a person familiar with matter told Reuters. While relations between the United States and Cuba have nosedived of late, the old Cold War foes seem able to agree on the need to increase internet access in what has long been one of the Western world’s least connected nations. (Fonte: Reuters)
Linear Labs’ next-gen electric motor attracts $4.5 million in funding
Linear Labs, a startup developing an electric motor for cars, scooters, robots, wind turbines and even Hvac systems, has raised $4.5 million in a seed round led by Science Inc. and Kindred Ventures. Investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal Ceo Russ Fradin, Masergy executive chairman and former-Ceo Chris MacFarland, as well as Ustream co-founder Gyula Feher also participated in the round. (Fonte: TechCrunch)
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