Overview

XTransfer leverages technology as a bridge to connect global large financial institutions with small and medium-sized enterprises (SMEs), creating a data-driven, automated, internet-based, and intelligent anti-money laundering risk control infrastructure centered around SMEs. Through partnerships with renowned multinational banks and financial institutions, XTransfer has built a global multi-currency unified settlement platform for multinational groups, offering comprehensive solutions that include foreign trade payments, multi-currency cash management, risk control services, and customer management. This allows SMEs to enjoy cross-border financial services at the same level as large multinational corporations. XTransfer completed its angel round financing in July 2017, with a $5 million investment from prominent domestic venture capital firms Gaorong Capital and Yunqi Capital. In October 2018, XTransfer completed Series A financing with $10 million, led by China Merchants Group. In October 2019, XTransfer secured $15 million in Series B1 financing, led by the eWTP Fund. In October 2020, XTransfer completed Series C1 financing, led by Telstra Ventures. In January 2021, XTransfer closed Series C2 financing, led by Lavender Hill Capital Partners (LHCP). In September 2021, XTransfer completed Series D financing, led by D1 Capital Partners.