# XTransfer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xtransfer

- Industry: Financial Services
- Headquarters: Shanghai, China
- Website: www.xtransfer.cn
- Total disclosed funding: $168M
- Latest round: Series D (Sep 14, 2021)
- Investors on record: 10

## About

Established in 2017 and based in Shanghai, China, XTransfer is a cross-board financial service provider that provides financial service solutions such as cross-border payment. Mr, Bill Deng, the CEO and founder of the company, was graduated from Fudan University and has more than a decade of management experience in Visa and Ant Financial. The company headquarter is in Shanghai and has a development center in Shenzhen and branches over the world such as the United Kingdom and Singapore.

The company corporates with multinational banks and financial institutions and provides a global multi-currency unified settlement platform for small and medium enterprises. The company also built an anti-money laundering risk control infrastructure for enterprises. The platform offers foreign trade collection, multi-currency cash management, risk management services via mobile applications and computer software. As of July 2021, XTransfer has served more than 150,000 small, medium and micro foreign trade enterprises.

Following the funding in 2021, the company plans to use the investment to upgrade its product and service system and increase investment in the research and development of emerging technologies such as big data and artificial intelligence(AI).

## Funding rounds

- Series D, Sep 14, 2021, $138M — D1 Capital Partners, Lavender Hill Capital
- Series C, Jan 27, 2021 — Lavender Hill Capital
- Series C, Oct 19, 2020 — MindWorks Capital, Aodian Venture Capital
- Series B, Oct 10, 2019, $15M — Gaorong Ventures, Yunqi Partners, 01VC, China Merchants Venture Investment Management, eWTP Capital
- Series A, Oct 15, 2018, $10M — China Merchants Capital, Gaorong Ventures, Yunqi Partners, 01VC
- Angel, Jul 11, 2018, $5M — Gaorong Ventures, Yunqi Partners

## Investors

- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Angel, Series A, Series B
- Yunqi Partners (https://capitalatlas.ai/funds/yunqi-partners) — Angel, Series A, Series B
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series A
- 01VC (https://capitalatlas.ai/funds/01vc) — Series A, Series B
- China Merchants Venture Investment Management (https://capitalatlas.ai/funds/china-merchants-venture-investment-management) — Series B
- eWTP Capital — Series B
- MindWorks Capital (https://capitalatlas.ai/funds/mindworks-capital) — Series C
- Aodian Venture Capital — Series C
- Lavender Hill Capital (https://capitalatlas.ai/funds/lavender-hill-capital) — Series C, Series D
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series D