XTransfer
XTransfer is a one-stop cross-border financial and risk management service company that specializes in helping SMEs reduce the barrier and cost of global expansion and enhance their global competitiveness.Headquartered in Shanghai,it has branches in China’s major foreign trade cities such as Hong Kong, Shenzhen and has set up offices in major export destinations including the United Kingdom, the United States, Canada, Japan, Australia and Singapore. To date, XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. XTransfer partners with well-known international banks and financial institutions. It has built a unified global multi-currency settlement network as well as a data-based, automated, Internet-powered and intelligent anti-money laundering risk management infrastructure centered on serving SMEs, providing foreign trade collections, multi-currency networks, risk management services, customer relationship management and other integrated solutions.
| Date | Investors | Amount | Round |
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| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
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| investor investor investor investor | €0.0 | round | |
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| investor investor investor investor investor investor investor investor | €0.0 | round | |
$138m Valuation: $1.0b | Series D | ||
| Total Funding | 000k | ||
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XTransfer Group, comprising XTransfer Limited in Hong Kong and XTransfer UK Limited in the UK, specializes in providing cross-border payment solutions tailored for small and medium-sized enterprises (SMEs). Operating under licenses from the Commissioner of Customs and Excise in Hong Kong and the Financial Conduct Authority in the UK, XTransfer ensures secure and compliant financial transactions. The company serves SMEs looking to expand their global reach by offering a seamless and efficient payment platform that mitigates the complexities of international trade. XTransfer's business model revolves around charging transaction fees and offering value-added services such as currency exchange and fraud prevention. By leveraging technology and regulatory expertise, XTransfer helps SMEs navigate the challenges of cross-border payments, thereby facilitating smoother international business operations.
Keywords: cross-border payments, SMEs, secure transactions, regulatory compliance, financial technology, international trade, payment platform, currency exchange, fraud prevention, transaction fees.