Finloop has secured more than US$10 million in Series A+ funding from strategic investors including HSBC and People’s Capital.

The Hong Kong-based wealthtech platform announced the financing alongside the launch of Finterprise, a corporate wealth management service designed for Hong Kong-registered SMEs.

Finterprise integrates cash management, corporate portfolio allocation and corporate banking account management into a single platform. It supports multiple currencies, including the US dollar, Hong Kong dollar, euro and offshore renminbi.

The platform also offers access to funds, notes and bonds, with fund subscriptions starting from HKD 1.

Subscriptions and redemptions can be processed as fast as T+0, according to Finloop.

Finloop said Finterprise uses an enterprise-grade technical architecture and risk control mechanisms.

Transaction information is designed to be transparent and traceable.

Cai Hua, Chief Executive Officer of Finloop, said the new funding will support the company’s continued development across wealth management, artificial intelligence and real-world assets (RWA).

“Finloop will continue to work with partners across sectors to build a more transparent, resilient and sustainable Web5 ecosystem,”

Hua said.

He added that Finloop aims to support Hong Kong’s position as an international fintech hub.

Finloop said it will continue increasing its research and development investment in AI and Web2 + Web3 technologies, with a focus on developing customised wealth management technology solutions for institutional and corporate clients.

Featured image credit: Edited by Fintech News Hong Kong, based on image by starmultikharisma via Magnific