US-based fintech CBiGroup has raised $15 mn in Series A funding, led by Alpol Capital Family Office, an investor in emerging technologies.
Founder Jiangtao Sun stated that the funds would bolster research and development, particularly in enhancing products and fostering innovation.
Established in 2017, CBiGroup delivers extensive global financial services for international trade, including corporate banking, global transfers, and Visa and UnionPay cards.
The company facilitates transactions in 163 countries, partnering with over 120 banks and financial institutions to create a robust global clearing network that serves more than 100,000 international businesses and users.
The global cross-border payment market was valued at $181.9 trillion and is projected to reach $356.5 trillion by 2032, with 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, where startups leverage blockchain technology, AI, and mobile applications to develop advanced payment solutions.
Sun recognized the demand for cross-border and international settlement services among trade businesses, particularly SMEs, in 2016. He founded CBiGroup in 2017, leading the team to obtain multiple financial licenses and develop the CBiLink banking system.
The company has established robust security, compliance, and risk management teams to support its international and cross-border financial services.
CBiBank, a CBiGroup subsidiary, offers nearly fully online business processes that simplify cross-border payments, global transfers, and forex trading, delivering convenient, secure, and efficient financial services anytime, anywhere.
We believe in CBiGroup’s leading position and growth potential in the industry. This investment will help CBiGroup achieve significant breakthroughs in fintech
Daniel Morra, CIO of Alpol Capital Family Office
“We are grateful for the trust and support from our investors. This investment acknowledges our achievements and drives 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,” stated Jiangtao Sun, founder of CBiGroup.
