CBiGroup, a Fintech Group based in the U.S. raises $15 million in series A round funding. Led the funding round was Alpol Capital Family Office, a company well-known for its investments in emerging technology.
According to Jiangtao Sun, the founder of it, the funds will be used to expand R&D, with an emphasis on new technologies to improve products and spur creativity.
With a compound annual growth rate (CAGR) of 7.3%, the worldwide cross-border payment market, estimated at $181.9 trillion in 2022, is projected to reach $356.5 trillion by 2032. The Asia-Pacific area is expected to grow at the quickest rate and turn into a hotbed for fintech innovation, with firms creating cutting-edge payment solutions using mobile apps, blockchain, and artificial intelligence.
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CBiGroup, a division of it, provides easy, safe, and effective financial services anywhere at any time. Its almost entirely online business procedures streamline international transfers, cross-border payments, and FX trading.
Daniel Morra, CIO of Alpol Capital Family Office said, “We believe in CBiGroup’s leading position and growth potential in the industry. This investment will help CBiGroup achieve significant breakthroughs in fintech,”
Jiangtao Sun, founder of CBiGroup said, “We are grateful for the trust and support from our investors. This investment recognizes our achievements and motivates our future growth. It will continue to focus on innovation and user experience, leveraging advanced AI to provide high-quality, innovative cross-border payment and international financial solutions,”.
About CBiGroup
CBiGroup was established in 2017 and provides extensive international financial services for trade internationally. The company facilitates transactions in 163 countries and offers corporate banking, international transfers, Visa and UnionPay cards. It has partnered with more than 120 banks and financial institutions to create a dependable global clearing network that serves more than 100,000 users and businesses worldwide.
