XLD Finance

Founded in 2018 and based in the Philippines, XLD Finance operates as a provider of financial tools including crypto-based payments, disbursements, and crypto-to-fiat offramp application programming interfaces (APIs) for web3 and crypto projects. Ian Estrada and Herbie Fu are the co-founders of the company. In July 2022, XLD Finance raised USD 13 million in pre-series A funding from Dragonfly Capital, including Infinity Ventures Crypto, Advance Technology Pte. Ltd.

, Circle, Digital Currency Group, Emfarsis, IDG Capital, Insignia Ventures Partners, Integra Partners, Morningstar Ventures, Openspace Ventures, Sfermion, Shima Capital, Transcend Fund, TrustToken, UOB Venture Management, Wootech Limited, Yield Guild Games, and YOLO Ventures. The company provides the metaverse financial that delivers financial services to everyone through decentralized technology. The firm offers its own API that simplifies complicated processes into a few lines of code, enabling businesses to go live within hours. XLD Finance's products include xSpend-payments, omniX-disbursements, and xMoney-offramp.

The organization plans to use the July 2022 funding to further scale its product and engineering teams to accelerate its API, product development efforts, and geographical expansion, as well as to expand its network of licenced partner financial institutions, its merchant, and biller network.