Xfers
payments . p2p payments . software/whitelabel/apis-payments
FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 01/05/2020
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MEDICI Analysis
XFers provides online payments and internet banking solutions. The payment solution Paylink provides an unique link which can be used by individual sellers and merchants to accept payments. It allows users to upload the product along with the details and creates a link for the same. Merchants can then send this link to others to facilitate purchase.
Focus
PRODUCTS & SERVICES
The products offering include- Xfers Checkout: It helps business users to Integrate online payment solution into their website. It allows them to save the transacation rates by providing the payment option such as paying with bank transfer and credit/debit card. Xfers Plus:- Xfers Plus is an e-wallet which stores redit or debit card information. They allows them to make transactions on any site using e-wallet.
REVENUE MODEL
The Company generates revenue on Transaction - 1-Bank Transfer - 1% of the transaction amount or SGD5 2-Local Credit Card / Debit Card (Visa/Mastercard) - From 3.4% + SGD0.50 per transaction
MAIN CLIENTS
trezo,Airpaz,airfrov,Fuel iCarsclub
People
FOUNDERS
Tianwei Liu
Victor Liew Jia Hao
BOARD MEMBERS AND ADVISORS
Tiang Lim Foo
NUMBER OF EMPLOYEES
51-200
INVESTORS:
KEY EMPLOYEES:
Zack Yap(product Manager)
Momentum
FUNDED
NO
NUMBER OF FUNDING ROUNDS
1
TOTAL FUNDING
$2.5 M
DATE OF LAST FUNDING
Jan 2016
TOTAL FUNDING COMMENT
The company will use the funds to develop the core technology platform and expand into Southeast Asia, and Indonesia. (Jan. 2016)
SEED & PRIOR FUNDING
$2.5 M
SEED CLOSED ON
Jan 2016
LISTED
NO
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