Where is XFX located?

XFX is headquartered in Miami, United States.

Who is the current CEO of XFX?

Santiago Alvarado of XFX. They have also founded 1 company.

Is XFX a funded company?

XFX is a funded company, having raised a total of $26M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of XFX?

XFX's latest funding was a $***** Series A round on Mar 26, 2026, with participation from 3 investors.

Where does XFX rank among its competitors?

XFX ranks 5th amongst 27 active competitors, of which 7 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was XFX, which secured $17M in Mar, 2026.

Who are the top competitors of XFX?

XFX's top competitors include EMQ, BLIK and Zynk. Among them, XFX secured the most recent funding round in March, 2026.

XFX - 2026 Company Profile, Team, Funding & Competitors

XFX is a series A company based in Miami (United States), founded in 2018 by Santiago Alvarado. It operates as a Provider of real-time cross-border payment settlement services. XFX has raised $26M in funding from Castle Island Ventures. The company has 27 active competitors, including 7 funded and 2 that have exited. Its top competitors include companies like EMQ, BLIK and Zynk.

Company Details

Provider of real-time cross-border payment settlement services. This company offers direct access to wholesale liquidity and multiple payment rails, enabling efficient transactions even in complex markets. Instant settlement across key trade corridors eliminates the need for pre-funded accounts and optimizes the cost of capital. The platform provides access to deep liquidity pools for fiat and stablecoins, ensuring competitive pricing. Transparent reporting and traceability are ensured through enterprise-grade reporting and real-time auditability. Access is available via web dashboard, APIs, or OTC service. The infrastructure is designed to meet the highest security and compliance standards. The platform is built for reliability, speed, and scalability, powering seamless execution and real-time settlement across assets and rails.

Website: www.xfx.io/
Email ID: *****@xfx.io, *****@xfx.io

Key Metrics

Founded Year

2018

Location

Miami, United States

Stage

Series A

Total Funding

$26M in 2 rounds

Latest Funding Round

Series A, Mar 26, 2026, $*****

Investors

Castle Island Ventures & 2 more

Ranked

5^th among 27 active competitors

Similar Companies

EMQ & 32 more

View XFX's full profile

XFX has raised a total funding of $26M over 2 rounds. Its latest funding round was a Series A round on Mar 26, 2026 for $*****. 3 investors participated in its latest round. XFX has 3 institutional investors.

Here is the list of recent funding rounds of XFX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 26, 2026	8783624	Series A	1957361	7482897	9969800	2908566

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View details of XFX's funding rounds and investors

The founders of XFX is Santiago Alvarado. Santiago Alvarado is the CEO of XFX.

Here are the details of XFX's key team members:

Santiago Alvarado: Co-Founder & CEO of XFX.

View details of XFX's Founder profiles and Board Members

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Top competitors of XFX include EMQ, BLIK and Zynk. Here is the list of Top 10 competitors of XFX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	EMQ 2014, Hong Kong (China), Series B	Cross-border payment acceptance solution for businesses	$26.5M	WI Harper Group, Hard Yaka & 10 others	60/100
2nd	BLIK 2014, Warsaw (Poland), Funding Raised	Provider of online payment solution	-	-	51/100
3rd	Zynk 2024, Hyderabad (India), Seed	Provider of infrastructure for instant global settlements and money transfers	$5M	Hivemind Capital, Coinbase & 5 others	50/100
4th	Earthport 1997, London (United Kingdom), Acquired	Financial services organization specializing in cross-border payments	-	IFC, Herald Investment Management & 1 others	49/100
5th	XFX 2018, Miami (United States), Series A	Provider of real-time cross-border payment settlement services	$26M	Coinbase, Castle Island Ventures & 1 others	47/100
6th	Paypa Plane 2017, Ashgrove (Australia), Series A	Recurring payment solution provider	$10M	QIC, Mastercard & 4 others	45/100
7th	Buckzy 2018, Toronto (Canada), Series A	Cross border money transfer service provider	$16.2M	Mistral, Uncorrelated Ventures & 4 others	42/100
8th	Kaoshi 2022, Lewes (United States), Unfunded	Cross-border payment network for individuals and businesses	-	-	37/100
9th	Lesslie 2020, Stockholm (Sweden), Seed	Cross-border money transfer solution for businesses	$1.72M	Wellstreet, Quinary Investment & 3 others	35/100
10th	KillB 2015, Sao Paulo (Brazil), Funding Raised	API-enabled cross-border payment solution for businesses	-	Room40, Latitud & 2 others	35/100