XTransfer shared that it has served more than one million enterprise clients since its founding in 2017. The B2B cross-border payments platform disclosed the figure at XTransfer Summit 26 in Shenzhen, an annual foreign trade event.

The company said it drew over 4,500 trading enterprises and 50+ banks and financial institutions, as well as industry experts for discussions on global trade opportunities, business growth strategies, and digital intelligence in cross-border finance.

XTransfer filed for an IPO on the Hong Kong Stock Exchange earlier this year, seeking around US$186 million with UBS and CICC as underwriters and China Merchants Venture and Alibaba among its pre-IPO investors.

Bill Deng, Founder and CEO of XTransfer, shared,

XTransfer Bill Deng
Bill Deng

“Through years of dedicated focus on SME cross-border payment pain points, XTransfer delivers secure, compliant, and efficient solutions to help more businesses go global.”

XTransfer shared that its Local Account service now covers almost 60 countries and regions, including in Africa, Asia, the Americas and New Zealand.

The company is accelerating its fintech investments by scaling AI applications across risk control and business processes.

Featured image edited by Fintech News Hong Kong based on image by XTransfer