About Xfers
Xfers is a company based in Singapore (Singapore) founded in 2014 by Tianyao Liu, Samson Leo, Victor Liew Jia Hao, and Tianwei Liu.. Xfers has raised $32.5 million across 3 funding rounds from investors including Fazz, Partech Partners and Golden Gate Ventures. Xfers offers products and services including Fazz Agen, Transfer, Top Up, and Tagihan Pascabayar. Xfers operates in a competitive market with competitors including Flutterwave, Xendit, Dlocal, Opn and 2C2P, among others.
- Headquarter Singapore, Singapore
- Founders Tianyao Liu, Samson Leo, Victor Liew Jia Hao, Tianwei Liu
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Fazz, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.5 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series A
Mar 04, 2021
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Investors
Fazz
& 9 more
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Employee Count
Employee Count
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Products & Services of Xfers
Xfers offers a comprehensive portfolio of products and services, including Fazz Agen, Transfer, Top Up, and Tagihan Pascabayar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for agents to manage transfers and payments securely.
Service for efficient money transfers between users.
Tool for recharging prepaid services quickly.
System for handling postpaid bill payments.
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Funding Insights of Xfers
Xfers has successfully raised a total of $32.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $30.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Series A - Xfers | Valuation | Fazz |
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| Jan, 2016 | Amount | Seed - Xfers | Valuation | Golden Gate Ventures , GMO Venture Partners | |
| Aug, 2015 | Amount | Seed - Xfers | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xfers
Xfers has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fazz, Partech Partners and Golden Gate Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in Southeast Asian startups
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Founded Year | Domain | Location | |
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Early-stage tech ventures in the US and Asia are funded.
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Founded Year | Domain | Location | |
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BWBVentures is engaged in business strategy consulting for entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xfers
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Xfers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xfers Comparisons
Competitors of Xfers
Xfers operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Xendit, Dlocal, Opn and 2C2P, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Global payment processing is facilitated for businesses through diverse methods.
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| domain | founded_year | HQ Location |
Integrated e-wallet and contactless payment solutions for businesses and consumers
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| domain | founded_year | HQ Location |
Payment processing solutions for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xfers
Frequently Asked Questions about Xfers
When was Xfers founded?
Xfers was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Xfers located?
Xfers is headquartered in Singapore, Singapore.
Is Xfers a funded company?
Xfers is a funded company, having raised a total of $32.5M across 3 funding rounds to date.
What does Xfers do?
Xfers was founded in 2014 in Singapore as a financial technology company. Electronic payment processing and internet banking transfer services are offered, along with electronic money issuance. Operations focus on QR-based payments, bulk transfers, and general money transfers to enhance accessibility for businesses. The company is headquartered in Singapore and serves the fintech sector in the region.
Who are the top competitors of Xfers?
Xfers's top competitors include Flutterwave, Xendit and FOMO Pay.
What products or services does Xfers offer?
Xfers offers Fazz Agen, Transfer, Top Up, and Tagihan Pascabayar.
Who are Xfers's investors?
Xfers has 10 investors. Key investors include Fazz, Partech Partners, Golden Gate Ventures, GMO Venture Partners, and BWBVentures.
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