It all started with a wish to help
- XTransfer was founded when banks were reluctant to provide cross-border payment solutions for SMEs due to compliance concerns and system constraints. SMEs struggled to access bank services, and paid hefty fees for international money transfer and currency exchange with yet poor service.
- Our founder found it frustrating that SMEs, an important part of China’s economy, were so under-served by the traditional financial system that they had to rely on non-compliant channels.
- The desire to help these business owners led him to leave his former employer and venture into uncharted territory. After zealous discussions in the office, over coffee and around the hot pot, he assembled a dream team of passionate veterans. This marked the start of the XTransfer story. Since then, XTransfer has grown into a unicorn with more than 2,000 staff.
Our mission
Making SME financial services simple and accessible
XTransfer today
XTransfer has built a full-featured global payment platform empowered by data-based, automated, internet-powered and intelligent anti-money laundering risk management infrastructure.
Our widely spread local teams now serve over 550,000 cross-border traders around the world.
As the world’s leading and China’s No.1 B2B Cross-Border Trade Payment Platform, we have earned the trust and support of visionary investors and world-renowned partners.
Our investors
Our licenses
Our milestones
2024
AUG
: Number of customers hit 550,000.
JUL
: Received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License (MPI)
MAY
: Obtained 3 more financial licenses in the U.S.
MAR
: Officially launched the global version of the XTransfer mobile App for Android and iOS.
JAN
: Attended the Davos Meeting 2024.
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