Xfers
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Angel | ||
N/A | Seed | ||
$2.5m | Seed | ||
N/A | Early VC | ||
* | $30.0m | Late VC | |
Total Funding | AUD50.2m |
Related Content
Recent News about Xfers
EditXfers is a financial technology startup focused on creating a trusted and open financial ecosystem in Southeast Asia, with a particular emphasis on Indonesia. The company aims to accelerate financial access in the region by providing a platform that allows businesses to accept and send money using a variety of local payment methods. These methods range from traditional bank transfers to cash payments, catering to the diverse financial landscape of Indonesia.
Xfers primarily serves businesses that need to manage payments and fund transfers efficiently. This includes e-commerce platforms, service providers, and any enterprise that requires a reliable way to handle transactions. The company operates in the financial technology (fintech) market, which is rapidly growing in Southeast Asia due to increasing digital adoption and the need for more inclusive financial services.
The business model of Xfers revolves around offering a suite of payment solutions that can be easily integrated into a client's existing systems. This is achieved through their API (Application Programming Interface), which allows businesses to automate and customize their payment flows. Additionally, Xfers provides a user-friendly dashboard for managing transfers and payouts without the need for extensive technical development.
Xfers generates revenue by charging transaction fees for the payments processed through its platform. These fees are typically a small percentage of each transaction, making it a scalable and sustainable business model as the volume of transactions increases.
In summary, Xfers is a fintech company dedicated to enhancing financial access in Southeast Asia by providing versatile and easy-to-integrate payment solutions for businesses. It serves a diverse range of clients in a rapidly growing market, leveraging technology to simplify and automate financial transactions.
Keywords: fintech, Southeast Asia, Indonesia, payments, API, fund transfers, financial access, e-commerce, transaction fees, automation.