What is Xtransfer?
Founded in 2017 and headquartered in Shanghai, China, Xtransfer operates as a comprehensive one-stop financial solutions provider. The company is dedicated to empowering small and medium-sized enterprises (SMEs) by streamlining their cross-border transactions and mitigating financial risks. Xtransfer's innovative platform aims to significantly lower the financial barriers associated with global market entry, thereby boosting the global competitiveness of its clientele. The firm's focus on enterprise-level financial services positions it as a key enabler of international trade for Chinese SMEs.
How much funding has Xtransfer raised?
Xtransfer has raised a total of $163M across 3 funding rounds:
Series A
$10M
Series B
$15M
Series D
$138M
Series A (2018): $10M with participation from 01vc, Yunqi Partners, and China Merchants Group
Series B (2019): $15M led by eWTP Fund, Yunqi Partners, 01VC, and China Merchants Venture Capital
Series D (2021): $138M supported by D1 Capital Partners
Key Investors in Xtransfer
Yunqi Partners
Yunqi Partners is a venture capital firm specializing in Enterprise and Productivity solutions, with a strong focus on the Chinese market. Founded in 2014, the firm brings extensive investment experience to support early-stage companies.
01VC
01VC (零一创投) is an early-stage investment firm that focuses on supply chain technology and international innovation, aiming to back entrepreneurs with a global vision. Established in 2015, the firm has a robust portfolio of early-stage projects.
China Merchants Group
China Merchants Group is a state-owned enterprise with core businesses in transportation, logistics, finance, and real estate. Founded in 1872 and headquartered in Hong Kong, CMG is a diversified conglomerate with a significant global presence.
What's next for Xtransfer?
With substantial backing, Xtransfer is poised for accelerated growth and further development of its cross-border financial infrastructure. The recent strategic investment signals a strong market validation and provides the necessary capital to expand its service offerings, enhance its risk management capabilities, and deepen its market penetration. Future initiatives are likely to focus on technological advancements in fintech, expanding its global network, and solidifying its position as a leader in facilitating international trade for SMEs.
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