# QBN Capital

QBN Capital is a Venture Capital based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Wan Chai, Hong Kong
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.qbncapital.com
- **LinkedIn:** https://www.linkedin.com/company/qbn-capital

## Regulatory record

- **Reports private funds:** No

## About

QBN Capital helps startups scale. The firm looks for companies and entrepreneurs offering significantly better solutions and tackling real meaningful problems through the development and application of technology. It invests across areas including artificial intelligence, biometrics and digital identity, semiconductors, cyber and data security, digital health, big data analytics, and financial technologies.

## Sectors

- FinTech
- DeepTech
- Enterprise Software

## People

- Frank Tong — Managing Partner
- Andy Tung — Managing Partner

## Questions

### Who runs investment decisions at QBN Capital?

Frank Tong and Andy Tung serve as managing partners and lead investment decisions. Tong's background spans IBM Research, the Hong Kong Applied Science and Tech Research Institute (ASTRI) as CEO, and the Hong Kong Government's FinTech strategy before leading innovation and strategic investment at HSBC. Tung brings deep operating experience from his family's shipping enterprise, Orient Overseas Container Lines (OOCL), which exited in 2018.

### How does QBN Capital source deals across its dual Asian-European geography?

Philea Chim, a former UK Government technology policy advisor, leads sourcing and due diligence for the firm in the United Kingdom and Europe while also participating in Asian activities. Her network spans university ecosystems, VCs, and public-sector bodies, creating a bridge to startups working on Open Banking, digital economy, and data-protection infrastructure on both continents. Deal flow in Asia draws on the principals' deep local networks across Hong Kong and Singapore.

### What investment stages does QBN Capital typically target?

QBN invests from seed through growth stages. Its strategy spans early-stage startups and expansion rounds, with confirmed participation in pre-Series A financings such as the US$4.5 million round for loan-market infrastructure provider iLex in March 2023.

### Which sectors does QBN Capital explicitly focus on?

The firm targets FinTech and DeepTech, with an emphasis on companies building core financial-market infrastructure, data-protection technology, and applied digital-economy solutions. Its team's published expertise extends across Open Banking, digital economy policy, and enterprise financial-technology systems.

### How is QBN Capital related to Orient Overseas Container Lines?

Andy Tung, co-founder and managing partner, is the former CEO of OOCL, the container-shipping business his family exited in 2018. Zhijian Yang, who serves as an advisor to QBN, also held executive roles at OOCL and later at COSCO SHIPPING Holdings. The Tung family's logistics and trade legacy influences QBN's connectivity to shipping and supply-chain networks, though the firm's investment mandate is sector-agnostic within FinTech and DeepTech.

## Related profiles

- [QBIT Capital](https://altss.com/profile/qbit-capital)
- [QBOX Fiduciary Solutions](https://altss.com/profile/qbox-fiduciary-solutions)

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Last updated: 2026-08-11T15:07:49.000Z

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