Xtransfer announced the completion of round C2 financing, which will further upgrade the anti money laundering risk control system

Xtransfer, a one-stop cross-border financial and risk control service company for foreign trade enterprises, announced the completion of round C2 financing, with Lavender Hill Capital Partners (LHCP) leading the investment and old shareholders following the investment. The specific amount of financing has not been disclosed. After this round of financing, xtransfer will further upgrade its anti money laundering risk control system, continue to build an intelligent risk control system driven by big data and AI, and improve the accuracy and efficiency of electronic information collection and verification of transactions. At the same time, xtransfer will comprehensively upgrade its organization and introduce outstanding talents to the world. Xtransfer was established in May 2017, headquartered in Shanghai, and has branches in Hong Kong, Shenzhen and other major foreign trade cities, as well as in the United Kingdom, the United States, Canada, Japan, Australia, Singapore and other places. Xtransfer cooperates with well-known multinational banks and financial institutions to build a global multi currency unified clearing network and a global financial management platform. Xtransfer provides comprehensive solutions for a variety of cross-border financial services, such as opening global and local collection accounts, foreign exchange exchange, overseas foreign exchange control national declaration, etc., to help small, medium and micro export enterprises access transnational banking services and greatly save international investment Remittance fees, reduce currency conversion fees, and provide a series of value-added financial services.