Xfers logo — company profile

Xfers

Founded 2014 Singapore Singapore 40 employees Corporate Round Total: $32.62M Financial Services, Fintech +3

General Information

Company Name Xfers
Founded Year 2014
Location Singapore Singapore
Founders / Decision Makers
Team member
Employees 40
Industries Financial Services, Fintech, Payments +2
Funding Stage Corporate Round
Social

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About Xfers

Xfers, now branded as Fazz Business, is a prominent fintech startup established in 2014, with its headquarters in Singapore. The company is actively working to enhance financial accessibility across Southeast Asia by providing businesses with essential financial services like payment acceptance and money transmission.

With a range of pioneering solutions, such as Xfers Send, Xfers Accept, Xfers Wallet, and StraitsX, the company offers comprehensive last-mile financial infrastructure. In Singapore, Xfers operates as a Major Payment Institution, being licensed by the Monetary Authority of Singapore for e-money issuance. In Indonesia, they link businesses with varied payment methods including bank transfers, e-wallets, and offline networks like agent banking and convenience stores.

The company secured its last investment of $30.00M in a Corporate Round on 04 March 2021, backed by notable investors Fazz and PAYFAZZ. Involved in diverse sectors such as Financial Services, Fintech, Payments, Platforms, and Banking, Xfers is positioned as a compelling opportunity for investors targeting the rapidly growing Southeast Asian fintech market.

Business keywords: Payments, E-money Issuance, Financial Access, Southeast Asia, Banking Services, API Integration, Last-Mile Financial Services, Underbanked, Singapore, Indonesia, Digital Payments, Business Technology

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Corporate Round $30.00M 2
Fazz, PAYFAZZ
04 Mar 2021
Venture Round Undisclosed 1
Tribe
09 Mar 2020
Seed Round $2.50M 10
500 Startups, Y Combinator +8
06 Jan 2016
Seed Round Undisclosed 1
Tiang Lim Foo
01 Oct 2015
Pre Seed Round $120.00K 1
Y Combinator
18 Aug 2015
Seed Round Undisclosed 1
Quest Ventures
01 Nov 2014

Xfers Alternatives & Competitors

Xfers vs
Validus
Validus Singapore

Driving inclusion and prosperity for SMEs | All-in-one finance | SFF Global FinTech Awards 2022 (Sin...

Debt Financing
215 employees
Financial Services, Fintech
Xfers vs
PAL
PAL Cote D'ivoire (ivory Coast)

Proprietary payment processing for francophone West African businesses and emerging economies.

Grant
9 employees
Finance, Financial Services
Xfers vs
MatchMove
MatchMove Singapore

Put A Bank In Your App with Spend. Send. Lend.

Series D
111 employees
Computing, E-Commerce

FAQ About Xfers

Xfers is now Fazz Business. Visit us at https://www.linkedin.com/company/fazz-business Founded in 2015, Xfers aims to accelerate financial access within Southeast Asia by enabling businesses to accept payments and send money. Xfers boasts a range of last-mile financial rails including the Xfers Sen...
Xfers was founded in 2014.
Xfers is headquartered in Singapore.
Xfers operates in Financial Services, Fintech, Payments, Platforms and Banking. Its work centres on Payments, E-money Issuance, Financial Access and Southeast Asia.
Xfers has approximately 40 employees.
Xfers has completed 6 funding rounds, raising a total of $32.62M. The latest funding stage is Corporate Round.
Top alternatives and competitors to Xfers include Validus, PAL, MatchMove, MariBank, Mula-X. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Xfers and Validus are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Xfers, https://bouncewatch.com/company/xfers, updated 5 November 2025. When citing, please name BounceWatch and link this page.

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