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
*********
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Website
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Social
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- Legal Name Xtransfer 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
$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
Employee Count
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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. 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.
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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $138.0M
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First Round
First Round
(01 Jul 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series D - XTransfer | Valuation | D1 Capital Partners |
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| Jan, 2021 | Amount | Series C - XTransfer | Valuation | unknown | |
| Oct, 2020 | Amount | Series C - XTransfer | Valuation | Telstra Ventures , Mindworks Capital |
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| 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 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. 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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Private equity and hedge fund focused on consumer, business services, financial, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Early and expansion stage tech investments are targeted across Pan-Asia.
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Founded Year | Domain | Location | |
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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 XTransfer
| 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 - XTransfer
| 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 |
Xtransfer Comparisons
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. 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Xtransfer
Frequently Asked Questions about XTransfer
When was XTransfer founded?
XTransfer was founded in 2017.
Where is XTransfer located?
XTransfer is headquartered in Shanghai, China.
Who is the current CEO of XTransfer?
Bill Deng is the current CEO of XTransfer. They have also founded this company.
Is XTransfer a funded company?
XTransfer is a funded company, having raised a total of $168M across 6 funding rounds to date.
What does XTransfer do?
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.
Who are the top competitors of XTransfer?
XTransfer's top competitors include Stripe, PayU and Flutterwave.
What products or services does XTransfer offer?
XTransfer offers Global Business Accounts, Add Money, Receive Money, Send Money, and Currency Exchange.
Who are XTransfer's investors?
XTransfer has 12 investors. Key investors include Alibaba.com, China Merchants Group, D1 Capital Partners, unknown, and Mindworks Capital.
What is XTransfer's valuation?
The valuation of XTransfer is $1B as of Sep 2021.
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