Fintech
FinTech CBiGroup secures $15 million Series A funding to boost research and development
By Delisha Fernandes
May 28, 2024
- CBiGroup
- Corporate Bank
- Cross-border payment
CBiGroup, a US-based FinTech group, has secured $15 million in the Series A financing led by Alpol Capital Family Office.
CBiGroup will use the funds to advance research and development, investing in new technologies to improve products and drive innovation. The company aims to explore technologies and leverage advanced artificial intelligence to provide innovative, high-quality cross-border payments and international financial solutions.
“We are grateful for the trust and support of our investors. This investment recognizes our achievements and motivates our future growth. CBiGroup will continue to focus on innovation and user experience, leveraging advanced artificial intelligence to provide innovative, high-quality cross-border payments and international financial solutions,” he said Jiangtao Sun, founder of CBiGroup.
CBiGroup provides comprehensive global financial services for companies engaged in international trade. The company offers business banking, global transfers, Visa and UnionPay cards and supports customer transactions in 163 countries and regions. Through partnerships with over 120 banks and financial institutions, CBiGroup has built a trusted global clearing network, addressing various payment and asset allocation needs for over 100,000 international businesses and users.
CBiBank, a company controlled by CBiGroup, offers several advantages compared to traditional banks:
- Friendly account opening approaches and efficient processing with an average of one week.
- Completely online operations accessible from anywhere with an Internet connection.
- Tailored services for businesses engaged in international trade with a user-friendly interface.
- Responsive customer support team to resolve issues quickly.
- Comprehensive product offerings, including linked business and personal accounts, specialty solutions for UnionPay and Visa cards.
CBiBank’s nearly completely online processes simplify cross-border payments, global transfers and forex trading, providing convenient, secure and efficient financial services anytime, anywhere.
“We believe in CBiGroup’s leadership position and growth potential in the industry. This investment will help CBiGroup achieve significant advances in fintech,” he said Daniel Morra, CIO of Alpol Capital Family Office.