# Qbit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qbit

- Industry: Financial Services
- Headquarters: Hangzhou, China
- Website: www.qbitnetwork.com
- Total disclosed funding: $10M
- Latest round: Series A (Jul 17, 2021)
- Investors on record: 1

## About

Established in 2019 and based in Hangzhou, China, Qbit operates a financial services provider that mainly provides global cash management services to businesses through digital finance. It has localized service centres in cities such as Hong Kong, Shenzhen, and Silicon Valley. The founder and CEO Yuqun Wu, has set up companies of oversea education and AI content recommendation engine. In August 2020, Qbit quantum card products were launched. In November 2024, the company closed a round of series B1 funding.

The company mainly provides a cross-border fund management platform. The products are divided into overseas corporate accounts and API (Application Programming Interface) docking. Overseas corporate accounts include global accounts, international payments, quantum cards, supply chain finance, global acquiring, and company registration. Quantum cards can be used by customers to manage their expenses, including for advertising, overseas business travel, cross-border trade and other purposes. API docking includes BaaS (Banking-as-a-Service) and CaaS (Card-as-a-Service).

The company generates revenue by providing cross-border fund management services and products, such as global acquiring, quantum cards, and BaaS.

The company will use the series B1 funding for the expansion of Qbit's global business team, financial technology and project research and development, and the application and acquisition of important global licences.

## Funding rounds

- Series A, Jul 17, 2021, $10M — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A