Xfers

paymentsp2p paymentssoftware/whitelabel/apis-payments

FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 01/05/2020

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About

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:

500 Startups

BANSEA

BWB Ventures

Challenger Ventures

Convergence Ventures

Eduardo Saverin

GMO Venture Partners

Golden Gate Ventures

Partech

Quest Ventures

Y Combinator

KEY EMPLOYEES:

Zack Yap(product Manager)

Momentum

FUNDED

YES

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

BASICS

FOUNDING YEAR:

2015

LOCATION:

Singapore

Views:

42 VISITORS | 73 VIEWS
LATEST FUNDING ROUND

$2.5 M

TOTAL EMPLOYEES
51-200

About

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.

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