US-based fintech group CBiGroup closes $15 million in Series A financing. Alpol Capital Family Office, known for its investments in new technologies, led the financing round.
According to Jiangtao Sun, founder of CBiGroup, the funds will promote research and development and focus on new technologies to improve products and drive innovation.
Founded in 2017, CBiGroup offers comprehensive global financial services for international trade. The company offers corporate banking, global remittances, Visa and UnionPay cards and supports transactions in 163 countries. By working with over 120 banks and financial institutions, CBiGroup has built a reliable global clearing network serving over 100,000 international companies and users.
In 2022, the global cross-border payments market was valued at $181.9 trillion and is expected to reach $356.5 trillion by 2032, growing at a CAGR of 7.3%. Asia Pacific is poised for the fastest growth and will become a fintech innovation hub with startups leveraging blockchain technology, AI and mobile apps to develop advanced payment solutions.
In 2016, Sun noted that trading companies, particularly SMEs, have an unmet need for cross-border and international settlement services. He founded CBiGroup in 2017 and led the team to secure multiple financial licenses and develop the CBiLink banking system. They have built strong security, compliance and risk management teams to support their international and cross-border financial services.
CBiBank, a subsidiary of CBiGroup, offers almost entirely online business processes that simplify cross-border payments, global remittances and foreign exchange trading, providing convenient, secure and efficient financial services anytime, anywhere.
“We believe in CBiGroup’s leading position and growth potential in the industry. “This investment will help CBiGroup achieve significant breakthroughs in the fintech space,” says Daniel Morra, CIO of Alpol Capital Family Office.
“We are grateful for the trust and support of our investors. This investment recognizes our achievements and motivates our future growth. CBiGroup will continue to focus on innovation and user experience, leveraging advanced AI to provide high-quality, innovative cross-border payment and international financial solutions,” said Jiangtao Sun, founder of CBiGroup.
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