To accelerate expansion, cross-border payment service provider Xunhui received Series C financing

Recently, SUNRATE , a digital cross-border payment service provider, announced the completion of its Series C financing , with funds not disclosed yet. This round of financing was led by SoftBank Ventures Asia, followed by Banyan Pacific Capital ( BPC ), TDF Impact Investment and other institutions . Old shareholders Redpoint China, JAFCO Asia, China Growth Capital and Xiangfeng Evergreen also participated in this round of financing. This round of financing will mainly be used to expand talent reserves and layout global business.

Tianyancha shows that before this round of financing, Xunhui had already obtained four rounds of financing, with each round of financing ranging from millions of RMB to tens of millions of US dollars.

It is understood that Xunhui was founded in 2016 and has branches in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London. As an industry-leading digital cross-border payment solution provider, Xunhui is committed to providing safe, efficient and low-cost cross-border payment solutions to global cross-border e-commerce, general trade, online travel and other corporate customers.

As the number of Chinese companies going global increases , companies related to cross-border payments have emerged and are developing rapidly.

In addition to SUNRATE , Airwallex also received three rounds of financing this year. In March, Airwallex received $100 million in D++ round financing, followed by $200 million in E round financing in September, and the latest E+ round financing took place in November, involving $100 million in funds.

AirHub is a financial technology company dedicated to building a global cross-border payment integrated platform. Its business scope includes collection, payment and multi-currency exchange in cross-border transactions. Currently, AirHub's global payment network covers more than 50 currencies in more than 130 countries and regions.

Although a lot of things have happened in the cross-border circle this year, in general, cross-border business is still developing steadily, and many companies have obtained financing. According to the monitoring data of the China Internet Network Information Center , from January 2021 to December 22, 2021, there were 49 investment and financing events in the field of domestic cross-border e-commerce service providers, with a total financing amount of more than 6.88 billion yuan .

Cross-border payments

Financing