The Telstra Ventures-backed cross-border financial services provider was valued at $1bn after the latest round, which was led by D1 Capital Partners.
XTransfer, a China-based cross-border financial services provider backed by telecommunications firm Telstra, secured in series D funding $138m today at a $1bn valuation.
Investment firm D1 Capital Partners led the round, participating together with returning investors including Yunqi Partners.
Founded in 2017, XTransfer has built a digital financial services platform that enables local small and medium-sized enterprises (SMEs) to carry out international transactions including payment settlement, debt collection and currency exchange.
The money will be used to expand XTransfer’s presence…
