About XTransfer
XTransfer is a company based in Shanghai (China) founded in 2017 by Bill Deng. XTransfer has raised $168 million across 6 funding rounds from investors including Alibaba.com, China Merchants Group and D1 Capital Partners. XTransfer offers products and services including Global Business Accounts, Add Money, Receive Money, Send Money, and Currency Exchange. XTransfer operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Payoneer and Square, among others.
- Headquarter Shanghai, China
- Founders Bill Deng
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Xtransfer Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$168 M (USD)
in 6 rounds
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Latest Funding Round
$138 M (USD), Series D
Sep 17, 2021
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Investors
Alibaba.com
& 11 more
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Employee Count
Not available
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Products & Services of XTransfer
XTransfer offers a comprehensive portfolio of products and services, including Global Business Accounts, Add Money, Receive Money, Send Money, and Currency Exchange.
Manages multi-currency accounts for cross-border transactions
Enables swift top-ups through local networks for payments
Facilitates global payments in various currencies at low cost
Supports secure payments to suppliers worldwide
Provides 24/7 access to competitive exchange rates
Funding Insights of XTransfer
XTransfer has successfully raised a total of $168M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $138 million completed in September 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.
Investors in XTransfer
XTransfer has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Alibaba.com, China Merchants Group and D1 Capital Partners.
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Private equity and hedge fund focused on consumer, business services, financial, healthcare, and multiple sectors
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Early and expansion stage tech investments are targeted across Pan-Asia.
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Investor details for XTransfer
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Investments & Acquisitions by XTransfer
Investment portfolio details for XTransfer
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Financial Statements - XTransfer
Detailed financials for XTransfer
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Xtransfer Comparisons
Peer comparison for XTransfer
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- Named peers
- Headcount comparison
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Competitors of XTransfer
XTransfer 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 Stripe, PayPal, Flutterwave, Payoneer and Square, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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Online payment solutions are offered to consumers and businesses.
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Provider of payment processing solutions for businesses
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Cross-border payments are enabled for businesses via diverse payout methods.
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POS solutions are provided for retail businesses.
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Forex risk management and payment solutions are provided for businesses.
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Detailed competitors of XTransfer
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Latest news on Xtransfer
Complete news archive for XTransfer
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Frequently Asked Questions about XTransfer
XTransfer was founded in 2017.
XTransfer is headquartered in Shanghai, China.
Bill Deng is the current CEO of XTransfer. They have also founded this company.
XTransfer is a funded company, having raised a total of $168M across 6 funding rounds to date.
XTransfer was founded in 2017 in Shanghai, China, as a fintech provider focused on cross-border payments. A platform for trade transactions is operated, enabling money transfers for global suppliers, overseas students, and other international users. Services are tailored to facilitate secure and efficient cross-border financial operations across multiple regions.
XTransfer's top competitors include Stripe, PayU and Flutterwave.
XTransfer offers Global Business Accounts, Add Money, Receive Money, Send Money, and Currency Exchange.
XTransfer has 12 investors. Key investors include Alibaba.com, China Merchants Group, D1 Capital Partners, unknown, and Mindworks Capital.
The valuation of XTransfer is $1B as of Sep 2021.