CB International Bank LLC

Founded in 2017 by Jiangtao Sun and based in San Juan, Puerto Rico, CB International Bank LLC, aka CBiBank, operates as a financial services company that provides commercial banking services worldwide. In May 2024, CB International Bank LLC raised USD 15 million in Series A funding led by Alpol Capital. The company has operations spanning 163 countries and partnerships with over 120 banks and institutions. The company offers a fully online account application process that allows customers to open bank accounts remotely through video interviews without the need for physical document submissions or in-person visits.

The firm’s primary product is its CBiBank Visa card, which facilitates the establishment of U. S. credit history by enabling users to manage daily expenses, pay bills, and perform ATM withdrawals. The card supports transactions across multiple platforms, including online and offline shopping, as well as WeChat and Alipay.

CBiBank supports real-time currency exchange for major global currencies, such as USD, EUR, CNH, GBP, JPY, SGD, and HKD, without hidden fees. In addition, the bank provides documentation services, including letters of credit, documentary collections, and letters of guarantee, in currencies like USD and EUR. Furthermore, the company offers customized financial services for a diverse clientele, including businesses engaged in physical and service trade, global investments, and cross-border e-commerce. The bank also offers its mobile application, which is available for download on both the Apple Store and Google Play.

Its partners encompass Citibank, DBS, VISA, CIPS, UnionPay, and others. The startup generates revenue through its pricing plans, which include account application fees (deluxe for USD 995, prime for USD 1880, and standard for USD 3750), as well as other fees such as monthly maintenance fees, wire transfer fees, corporate debit card fees and charges, and more. The organization plans to use the May 2024 funding to accelerate R&D on new technologies to improve products and drive innovation.