Overview
Linklogis Inc. (HKEX: 09959.HK) is a Shenzhen-founded supply-chain finance technology company, incorporated in February 2016 and listed on the Hong Kong Stock Exchange Main Board in April 2021. It sells software and financing workflows to anchor (core) enterprises, banks and factoring firms, and the SMEs in those supply chains. It is not a marketplace collection wallet, an Amazon browser extension, or a daily seller ops tool.
Year-end 2025 company figures: more than RMB 2.04 trillion of cumulative supply-chain assets, more than 3,500 anchor and FI partners, 30 Chinese provinces plus 27 countries, and more than 430,000 SMEs. Treat those as disclosures, not a traffic audit.
Sellers land here because the catalogue sits under Finance. Separate two jobs. Getting Amazon or Shopify payouts into a local bank is LianLian, PingPong, or Payoneer. Turning invoices, purchase orders, or inventory into cash is Linklogis, Stenn, MODIFI, or Qupital. The second job needs a trade file, often an anchor’s confirmation or marketplace data access, and a sales conversation. There is no public self-serve price list.
In October 2025 the international arm rebranded to Unloq and launched an SC+ platform that, in the company’s words, connects smart contracts with compliant digital payment instruments so funders can buy trade receivables. The Amazon Selling Partner Appstore lists “联易融 Linklogis” for order financing, post-shipment financing, inventory financing, and export/FX-income reporting for mainland China sellers. That is still credit and reporting, not store payout.
Core features and advantages
Anchor Cloud and multi-tier receivables
Domestic products have long been grouped as four clouds: Anchor Cloud (AMS receivables, multi-tier transfer), FI Cloud (ABS/ABN, e-chain), Cross-border Cloud, and SME Scenario Cloud. In 2025 reporting, multi-tier transfer was the large share of asset volume. For a supplier, the practical meaning is that an approved receivable certificate can be split and passed down the chain so a smaller vendor can borrow against it from a partner bank or factor, instead of negotiating a standalone mortgage.
Cross-border Cloud, Unloq, and SC+
Cross-border Cloud is for receivables or order finance with a real import/export file. Unloq’s public materials put corridors in cross-border e-commerce, online travel, and cross-border logistics. SC+ is the trade-finance infrastructure story, not a seller dashboard. It can matter to a factory exporter or a growing merchant who can share order data. It does nothing for a solo FBA seller who only wants a weekly CNY withdrawal.
Amazon app and marketplace-data finance
The Amazon app listing says Linklogis analyses seller transaction data to offer order, post-shipment, and inventory financing, plus electronic filing of export and FX-income information for mainland China sellers. Pricing is “based on actual service content.” That is the closest public door for marketplace sellers, and it still requires underwriting. It does not replace the collection account you paste into Seller Central.
Supported platforms
Linklogis is not a multi-platform collection tool. Public integrations include Amazon (the SPN-style app), Shopee, Infor-class enterprise systems, and the bank/factor/ABS side of the house. Geographic weight is China supply chains plus selected corridors in Southeast Asia, India, Europe, and North America. There is no Shopify checkout plugin and no self-serve “paste this local account into Amazon” flow.
Who it's for
- Treasury teams at anchor firms and banks deploying AMS, multi-tier transfer, or treasury products.
- Factories and traders supplying large buyers with 60–180 day terms who need to monetise receivables.
- Mid-size cross-border sellers with stable platform orders and a complete purchase-and-logistics file — ask Cross-border Cloud or the Amazon app; do not assume an offer.
- Skip it if you need daily product research, ads, 3PL, or Amazon weekly payout. Linklogis does not do those jobs.
Concrete use case: a factory that both supplies a domestic anchor and runs Amazon needs cash for peak-season materials while invoices sit 90 days. Finance puts confirmed receivables onto the multi-tier platform, or authorises Amazon order data for post-shipment finance. Limit, rate, and whether the anchor must stamp documents come from the account team, not a pricing page.
Pricing and value
There is no public seller rate card. HKEX filings describe technology-service fees on the financing amount customers obtain through Linklogis solutions (outcome-based) and fees on capability units. In practice that is sales-led, deal by deal. The Amazon app says the same: charges follow the service actually provided.
Do not compare this with a 0.2%–1% collection withdrawal fee. You are buying working capital, usually as an annualised interest/service cost, in exchange for turning a 90-day receivable into cash in days. If a bank line or shareholder loan is cheaper, skip the platform. Confirm quote, collateral, and prepayment rules with official sales before you sign.
Community feedback
r/FulfillmentByAmazon and r/AmazonSeller barely mention Linklogis as a daily tool. What exists in public is exchange filings, company press, and supply-chain-finance trade coverage: a claimed multi-year number-one share among third-party SCF tech providers in China, a 2025 BeeLink AI Agent, Unloq. Seller groups more often name Stenn, Qupital, or marketplace-revenue loans. There is not a thick layer of “easy/hard to use” threads, so this page does not invent quotes.
Competitive positioning
Linklogis sits on anchor + bank + China supply-chain digitisation. The moat is the installed base of core enterprises and lenders, not seller NPS. Stenn is closer to cross-border invoice/trade finance for importers and exporters. MODIFI is B2B cross-border payments plus export finance. Qupital is nearer to Hong Kong-licensed, marketplace-revenue lending. For ordinary platform payouts, compare LianLian, PingPong, and Payoneer — not Linklogis.
Alternatives
- Stenn — cross-border invoice and trade finance aimed at importers/exporters rather than anchor SaaS.
- MODIFI — B2B export finance and trade management for SMEs.
- Qupital — Hong Kong-origin offshore lending against cross-border e-commerce flows.
Limitations
Not a daily seller tool. No public price list; small teams cannot self-onboard. Credit needs an anchor confirmation, platform data, or a full trade file; a pure solo shop rarely clears KYC. Unloq and SC+ corridors are still being built — confirm with sales. Asset and customer figures are company-reported. Official materials say services run on PC and WeChat mini programs, not a mobile app.
Verdict
Use Linklogis or Unloq only if the problem is “terms are too long and I can document orders or receivables.” If the problem is getting Amazon paid out this week, researching an ASIN, or running ads, leave this page. Next step: open linklogis.com.hk or the group About page at linklogis.com for business contact; if you only need Amazon-linked finance, read the Selling Partner Appstore listing and ask whether your entity and marketplace are in scope.
Data notes
Rechecked 2026-09-06 against Linklogis About, HKEX 2025-related disclosures, Unloq rebrand notices, and the Amazon app listing. monthlyVisits (50000), domainRating, and authorityScore are catalogue values and unverified. Financing rates, SC+ corridor availability, and whether the Amazon app will underwrite your store must be confirmed with official sales. Founding is February 2016; the existing published: 2016-02-01 is kept and was not re-checked against a corporate registry extract on this pass.