XTransfer
XTransfer is a cross-border financial and risk management service provider. [1] Founded in 2017 [2], XTransfer offers B2B small and medium enterprises cross-border financial services [3] including payment collection accounts backed by multinational banks [4] such as CitiBank, DBS [2], currency exchange settlements [5], risk management services [1] and CRM services [6]. Headquartered in Shanghai, XTransfer has offices in Hong Kong, the U.K., U.S., Canada, Japan, Australia and Singapore. [5]
History
In 2017, Bill Deng and other five former employees at Ant Group, co-founded XTransfer. [2]
In 2021, XTransfer rasied USD 138 million from its Series D round of funding. [5] US investment group D1 Capital Partners led the series D round [5], alongside other stakeholders. After this round of funding, XTransfer was valued over USD 1 billion and achieved the unicorn status. [7]
XTransfer’s other investors included Telstra, China Merchants Group; the eWTP Capital, Yunqi Partners, MindWorks Ventures, 01 Venture Capital, Lavender Hill Capital Partners and Gaorong Capital. [7]
References
- ^ a b Gkritsi, Eliza (2021-01-15). "PayPal now the sole owner of a payments firm in China · TechNode". TechNode. Retrieved 2023-01-03.
- ^ a b c "XTransfer simplifies cross-border payments for exporters | Inside China's Startups". KrASIA. 2021-02-27. Retrieved 2023-01-03.
- ^ GetNews. "XTransfer Closes US$138 Million Series D Funding Round". Digital Journal. Retrieved 2023-01-03.
- ^ ""With Cloud we build a bridge of trust and enable trade"". www.db.com. Retrieved 2023-01-03.
- ^ a b c d "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-01-03.
- ^ "XTransfer digitizes more than payments with new CRM platform". KrASIA. 2021-06-29. Retrieved 2023-01-03.
- ^ a b "Chinese trade services startup XTransfer reaches unicorn status". KrASIA. 2021-09-17. Retrieved 2023-01-03.