When was XTransfer founded?

XTransfer was founded in 2017 and became a unicorn in 2021.

Where is XTransfer located?

XTransfer is headquartered in Shanghai, China.

Who is the current CEO of XTransfer?

Bill Deng and Jianzhong He s of XTransfer. Bill Deng has also founded 1 company.

How many employees does XTransfer have?

As of Aug 31, 2026, the latest employee count at XTransfer is 749.

Is XTransfer a funded company?

XTransfer is a funded company, having raised a total of $168M across 6 funding rounds to date. The company's 1st funding round was a $5M Seed round, raised on Jul 01, 2017.

How much is XTransfer worth?

The latest valuation of XTransfer is $1B as of Sep 16, 2021.

When was the latest funding round of XTransfer?

XTransfer's latest funding was a $138M Series D round on Sep 17, 2021, with participation from 1 investor.

Is XTransfer a Digital Remittance company?

The primary sectors of XTransfer are Digital Remittance and Payments.

Where does XTransfer rank among its competitors?

XTransfer ranks 71st amongst 7173 active competitors, of which 628 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of XTransfer?

XTransfer's top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

XTransfer - 2026 Company Profile, Team, Funding & Competitors

XTransfer is a series D company based in Shanghai (China), founded in 2017 by Xiaogu Sun Jason and Bill Deng. It operates as a Provider of cross-border trade payment platform for global businesses. XTransfer has raised $168M in funding from investors like China Merchants Group, Mindworks Capital and D1 Capital Partners, with a current valuation of $1B. The company has 7173 active competitors, including 628 funded and 530 that have exited. Its top competitors include companies like PayPal, Stripe and Razorpay.

Sectors and market segments that XTransfer operate in

XTransfer serves in the FinTech market segments.The primary business model of XTransfer are:

Company Details

Provider of cross-border trade payment platform for global businesses. It offers money transfer services for global suppliers and overseas students, among others.

Website: www.xtransfer.com
Social
Email ID: *****@xtransfer.com
Phone Number: +86 **********

Key Metrics

Founded Year

2017

Location

Shanghai, China

Stage

Series D

Total Funding

$168M in 6 rounds

Latest Funding Round

Series D, Sep 17, 2021, $138M

Post Money Valuation

$1B as on Sep 16, 2021

Investors

China Merchants Group & 13 more

Ranked

71^st among 7173 active competitors

Employee Count

749 as on Aug 31, 2026

Similar Companies

PayPal & 4089 more

View XTransfer's full profile

XTransfer is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
XTRANSFER INC. CIN: 825294587 , United States, Active	Dec 31, 1999	-	2 (As on Dec 31, 2024)	-

XTransfer has raised a total funding of $168M over 6 rounds. Its first funding round was on Jul 01, 2017. Its latest funding round was a Series D round on Sep 17, 2021 for $138M. 1 investor participated in its latest round. XTransfer has 14 institutional investors.

Here is the list of recent funding rounds of XTransfer:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2021	$138M	Series D	$1B	-	D1 Capital Partners	-
Jan 27, 2021	Undisclosed	Series C	-	-	-	Mindworks Capital, China Merchants, China Merchants Group, Alibaba, 01VC, Yunqi Partners, eWTP Capital
Oct 19, 2020	Undisclosed	Series C	-	-	Telstra Ventures, Mindworks Capital	-

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View details of XTransfer's funding rounds and investors

The founders of XTransfer are Xiaogu Sun Jason and Bill Deng. Bill Deng, Ray Ren and Jianzhong He are the CEOs of XTransfer.

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

Xiaogu Sun Jason: Co-Founder & CFO of XTransfer and founder of 1 other company.
Bill Deng: Founder & CEO of XTransfer.
Jianzhong He: CEO of XTransfer.

View details of XTransfer's Founder profiles and Board Members

XTransfer's employee count trend

XTransfer has 749 employees as of Aug 26. Here is XTransfer's employee count trend over the years:

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Top competitors of XTransfer include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of XTransfer, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 36 others	85/100
4th	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
5th	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 24 others	84/100
6th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
7th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
8th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
9th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	82/100
10th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 187 others	80/100
71st	XTransfer 2017, Shanghai (China), Series D	Provider of cross-border trade payment platform for global businesses	$168M	Up VC, D1 Capital Partners & 12 others	66/100