Qbit

Qbit is a neobank founded in 2019 by serial entrepreneur Wu Yujun, who serves as CEO . The company positions itself as a one-stop overseas treasury management platform for Chinese companies going global, with core products including "Quantum" virtual corporate cards, global multi-currency accounts, global acquiring, and Open API services . It operates across 180-plus countries and regions, handling 40-plus currencies, with cumulative transaction volume exceeding $6 billion and over 48,800 cards issued as of early 2025 .

The company has raised multiple rounds from Chinese venture capital, including a nearly $10 million Series A in 2021 led by ZhenFund , and a subsequent $10 million-plus B1 round in late 2024 in which ZhenFund also participated . FreeS Fund, an early backer, described Qbit's pitch as solving the pain point of cumbersome, high-fee foreign exchange settlement that Wu himself encountered when trying to convert currency in 2019 . Qbit differentiates itself from domestic virtual-account competitors by partnering with banks overseas to open real, insured accounts for clients rather than pooled virtual accounts .