Tech Company Financing Transactions
Xfers Funding Round
Xfers secured a $120 thousand Seed funding round on 8/19/2015. Investors included Y Combinator.
Transaction Overview
Company Name
Announced On
8/19/2015
Transaction Type
Accelerator
Amount
$120,000
Round
Seed
Investors
Proceeds Purpose
The company will use the proceeds to accelerate its initial development.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Undisclosed
Singapore City, 230012
Singapore
Singapore City, 230012
Singapore
Phone
Undisclosed
Website
Email Address
Overview
Most of Southeast Asia has less than a 5% credit card penetration rate, leading to low usage of PayPal and most ecommerce purchases being paid for with cash on demand. Xfers has erected a payment network on top of the existing online bank accounts most people have, and APIs it built for the local banks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Victor Hao
Founder
Tianwei Liu
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