Founded in 2015, Xfers aims to accelerate financial access within Southeast Asia by enabling businesses to accept payments and send money. Xfers boasts a range of last-mile financial rails including the Xfers Send, Xfers Accept, Xfers Wallet, and StraitsX stablecoin.
In Singapore, Xfers is a Major Payment Institution licensed by the Monetary Authority of Singapore for e-money issuance.
In Indonesia, Xfers connects online businesses to a range of payment methods that include bank transfers, e-wallet, and offline channels such as agent banking networks and convenience stores.
For more information, visit https://www.xfers.com/.
In Singapore, Xfers is a Major Payment Institution licensed by the Monetary Authority of Singapore for e-money issuance.
In Indonesia, Xfers connects online businesses to a range of payment methods that include bank transfers, e-wallet, and offline channels such as agent banking networks and convenience stores.
For more information, visit https://www.xfers.com/.
Location: Singapore
Employees: 51-200
Total raised: $30M
Founded date: 2014
Investors 4
| Date | Name | Website |
| - | Tribe Acce... | tribex.co |
| - | Y Combinat... | ycombinato... |
| 22.10.2020 | Partech Pa... | partechpar... |
| 19.12.2021 | Quest Vent... | questventu... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 04.03.2021 | - | $30M | - |
Mentions in press and media 10
| Date | Title | Description |
| 17.08.2026 | $1B in M&A, Just $0.6M in Tech: Vietnam’s Tech Sector has Sustantial Growth Potential | Vietnam’s mergers and acqusitions (M&A) market is booming. Vietnam recorded over $1 billion in M&A deals in June alone, yet technology barely featured, with three deals worth a combined $0.6 million—less than 1 percent of the total.... |
| 11.06.2024 | 29 Fintech Leaders Make Forbes 30 Under 30 Asia List This Year | - |
| 26.03.2024 | Singapore Remains the Top Choice For Venture Capital in Southeast Asia | - |
| 14.09.2022 | Tiger Global-backed fintech firm raises $100m series C round | FintechInvestmentsNewsStartups Aditya Hadi Pratama · 14 Sep 2022 · 2 min readTiger Global-backed fintech firm raises $100m series C round Fazz, which was formed with the merge of Indonesia-based Payfazz and Singapore-based Xfers last year, ... |
| 30.08.2021 | Meet the 15 Finalists for MAS’ Global CBDC Challenge | The Monetary Authority of Singapore (MAS) has announced the 15 finalists who have developed retail Central Bank Digital Currency (CBDC) solutions for the Global CBDC Challenge. The finalists, comprising financial institutions, fintechs and ... |
| 03.03.2021 | Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group | Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. As part of the deal, Payfazz, an agent-based fi... |
| 05.10.2020 | Singapore gets its first SGD-denominated stablecoin | Stablecoins have been part of the government-sponsored Project Ubin, which tested blockchain technology in a real-world environment. On Monday, payments solution provider Xfers announced that it officially released XSGD, a stablecoin that i... |
| 04.04.2020 | Kenneth Bok: Head of Growth and Strategy at Zilliqa, a Major Blockchain Platform, Talks About Major Stablecoin Use Cases | Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insight... |
| 10.07.2019 | Binance Launches Fiat-to-Crypto Gateway for Singapore Users | Binance – the global cryptocurrency exchange that in the last 24 hours has facilitated more than $2 billion in trading volume, has just announced that is has launched a Fiat-to-Crypto gateway for citizens based in Singapore. The platform, w... |
| 23.04.2019 | Binance’s hotly-anticipated Singapore crypto exchange is now live — and underwhelming | Binance, the company widely seen as the world’s largest crypto exchange, has officially set up shop in Singapore after it launched a service in the country. The new Singapore service, however, bears more of a resemblance to U.S. rival Coinb... |