Xfers Pte Ltd.
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Xfers Pte Ltd. - overview
Established
2014
Location
Singapore, -, Singapore
Primary Industry
Financial Services
About
Based in Singapore, Singapore, and founded in 2014 by TianWei Liu, TianYao Liu, Victor Liew and Samson Leo, Xfers Pte Ltd is a fintech company that provides a platform for businesses and individuals to send and accept payments and track cashflow. The company is licensed by the Monetary Authority of Singapore (MAS) for e-money issuance. In March 2021, Xfers raised USD 30 million in venture funding led by PT Payfazz Teknologi Nusantara. With this venture funding, the company has raised a total of USD 32.
62 million in funding. Xfers provides a range of financial rails including the Xfers Wallet, Xfers Accept, Xfers Send, Xfers Direct, and StraitsX stablecoin (XSGD). The company connects online businesses to multiple payment methods including e-wallet, bank transfers and offline channels like convenience stores and agent banking networks. The company generates revenue from charging fees for personal and business accounts.
These fees include the top-up fee, withdrawal fee, transfer fee, XSGD deposit fee, and XSGD withdrawal fee. The company plans to use its proceeds from March 2021 to expand into Vietnam, Malaysia, the Philippines, and Thailand.
Current Investors
PT Payfazz Teknologi Nusantara, Y Combinator
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Accounting/Finance Software
Website
www.xfers.io
Verticals
Blockchain, FinTech, FinTech
Total Amount Raised
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