CBiGroup, a US-based fintech company, has raised $15 million in a Series A funding round led by Alpol Capital Family Office, renowned for its investments in new technologies.
The newly acquired funds will be used to enhance research and development efforts, particularly in new technologies aimed at improving products and driving innovation, according to Jiangtao Sun, founder of CBiGroup.
Founded in 2017, CBiGroup offers a comprehensive suite of global financial services tailored for international trade.
The company provides corporate banking, global transfers, Visa and UnionPay cards, and facilitates transactions across 163 countries.
Partnering with over 120 banks and financial institutions, CBiGroup has established a robust global clearing network that caters to over 100,000 international businesses and users.
The global cross-border payment market was valued at $181.9 trillion in 2022 and is projected to reach $356.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of 7.3%.
The Asia-Pacific region is anticipated to experience the fastest growth, emerging as a hub for fintech innovation with startups leveraging blockchain technology, artificial intelligence (AI), and mobile apps to develop advanced payment solutions.
Recognizing the unmet need for cross-border and international settlement services among trade businesses, particularly small and medium-sized enterprises (SMEs), Sun founded CBiGroup in 2017.
Under his leadership, the company has secured multiple financial licenses and developed the CBiLink banking system, supported by strong security, compliance, and risk management teams.
CBiBank, a subsidiary of CBiGroup, offers nearly fully online business processes that simplify cross-border payments, global transfers, and forex trading, providing convenient, secure, and efficient financial services around the clock.
“We believe in CBiGroup’s leading position and growth potential in the industry. This investment will help CBiGroup achieve significant breakthroughs in fintech,” said Daniel Morra, Chief Investment Officer of Alpol Capital Family Office.
CBiGroup’s founder Jiangtao Sun said:
We are grateful for the trust and support from 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.
