Our story
- XTransfer was founded in 2017 when banks were reluctant to provide cross-border payment solution to SMEs due to compliance concerns and system constraint. SMEs had difficulties in getting access to bank services, and paid hefty fees for international money transfer and FX conversion with yet poor service.
- In order to make financial services simple, affordable and accessible to SMEs, XTransfer has built a global multi-currency settlement network along with a data-based, automated, internet-powered, and intelligent risk management infrastructure. XTransfer provides SMEs with the same level of cross-border financial services as large multinational corporations.
Our story
- XTransfer was founded in 2017 when banks were reluctant to provide cross-border payment solution to SMEs due to compliance concerns and system constraint. SMEs had difficulties in getting access to bank services, and paid hefty fees for international money transfer and FX conversion with yet poor service.
- In order to make financial services simple, affordable and accessible to SMEs, XTransfer has built a global multi-currency settlement network along with a data-based, automated, internet-powered, and intelligent risk management infrastructure. XTransfer provides SMEs with the same level of cross-border financial services as large multinational corporations.
Our mission
Making SME financial services simple and accessible
Company milestones
By working with world-renowned banks and financial institutions, XTransfer has set up an integrated global multi-currency settlement platform, as well as a data-based, automated, Internet-powered and intelligent anti-money laundering risk management infrastructure centered on serving SMEs.
XTransfer connects large financial institutions with SMEs at home and abroad through technology so that SMEs may enjoy the same level of cross-border financial services as large multinational groups.
2024
2023
2022
JuneLaunched local receiving account in UK Launched local receiving account in Japan
MarchLaunched local receiving account in Canada
2021
OctoberLaunched SME financing products
SeptemberCompleted Series D fundraising
JulyLaunched CRM product
JanuaryCompleted Series C2 fundraising
2020
OctoberCompleted Series C1 fundraising
2019
OctoberCompleted Series B fundraising
Launched XTransfer App
SeptemberRegistered as an RSP in Australia
2018
OctoberCompleted Series A fundraising
Obtained API license in the UK
AugustRegistered as an MSB in the U.S. and Canada
Launched local receiving account in Europe and the U.S.
DecemberLaunched multi-currency business account
2017
OctoberObtained MSO license in Hong Kong
JulyFounded in Shanghai, China
Our investors
Our global footprint
XTransfer has offices in 8 countries and regions to provide professional local services.
