Qbit has recently announced the completion of its Series B1 funding round, raising tens of millions of dollars. ZhenFund previously invested in Qbit’s Series A round in 2021.

Founded in 2019, Qbit is a Neobank (innovative digital bank) providing one-stop global fund management solutions for enterprises worldwide. By building a digital cross-border payment and financial infrastructure, Qbit empowers businesses to efficiently manage global transactions, corporate card issuance, and financial operations at lower costs, facilitating seamless global expansion. To date, Qbit has supported over 40,000 international brands and established strategic partnerships with multiple renowned banks and financial institutions.

Driven by continuous innovation in product development and technology, Qbit has rapidly expanded its business offerings over the past five years. The company has integrated resources from Visa, Mastercard, and issuing banks across Hong Kong, the U.S., and other regions, consistently expanding its product portfolio. Qbit’s core solutions—including global accounts, Quantum Card, and CaaS (Card-as-a-Service)—now serve businesses across 180+ countries and regions, supporting over 40 major currencies. Its diverse financial applications cater to cross-border e-commerce, traditional trade, crowdfunding, gaming, influencer marketing, developers, education, entertainment, and logistics, providing tailored financial solutions for various industries.

Yujun Wu, Qbit’s Founder & CEO, is a Stanford University graduate and a Forbes China 30 Under 30 honoree. With extensive experience as a serial entrepreneur, Wu identified critical pain points in the cross-border payment industry and founded Qbit to create a comprehensive embedded financial ecosystem that enhances financial operations and fund management efficiency for global businesses.

This new round of funding will primarily support Qbit’s global team expansion, fintech innovation, and regulatory licensing efforts worldwide. The company aims to broaden its product line, strengthen its technological capabilities, and lower financial service barriers, helping businesses enhance their international payment and expense management capabilities.