Xfers

paymentspayment gateways

FOUNDING YEAR: 2014
LOCATION: Singapore
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Xfers, a Fintech platform for digital businesses founded in 2015, with offices in Singapore and Indonesia, offers flexible payment products and solutions for personal and business needs. Featured on Techcrunch and coined as the Paypal of Southeast Asia by Channel News Asia, the award-winning Y Combinator alumni has secured and processed more than USD 600 million worth of bank transfers and credit card payments for over 250,000 users on its payment platform. Invested by venture capital firms such as Quest Ventures, 500 Startups, Golden Gate Ventures and angel investors such as Eduardo Saverin, Xfers is an MAS-approved holder of the Widely Accepted Stored Value Facility (WA SVF) in Singapore.

MEDICI Analysis

Xfers is a payment gateway that makes it easy for anyone with an online bank account to collect payments and make payouts automatically.

Focus

PRODUCTS & SERVICES

Xfers API

MAIN CLIENTS

Golden Gate Ventures

MomoCentral

EXISTING PARTNERSHIPS

ANZ

POSB

Deutsche Bank

CIMB Bank

DBS

HSBC

Citibank

Maybank

OCBC

RHB

Traction

VALUATION / MARKET CAP:

$16.67 M in 2016

People

FOUNDERS

Wenbin Tay

Victor Liew Jia Hao

Tianwei Liu

Samson Leo

Tianyao Liu

BOARD MEMBERS AND ADVISORS

James Tan

NUMBER OF EMPLOYEES

51-200

INVESTORS:

500 Startups

BWB Ventures

Convergence Ventures

Eduardo Saverin

GMO VenturePartners

Golden Gate

Golden Gate Ventures

Lazena Investment

Partech

Partech Ventures

Quest Ventures

Tribe Accelerator

Y Combinator

Momentum

FUNDED

NO

TOTAL FUNDING

$2.5 M

DATE OF LAST FUNDING

Mar 2020

SEED & PRIOR FUNDING

$2.5 M

SEED CLOSED ON

Jan 2016

LISTED

NO

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp