back Back

FinTech CBiGroup secures $15m Series A funding to boost R&D

By Delisha Fernandes

May 28, 2024

  • CBiGroup
  • Corporate Banking
  • Cross Border Payment
Share

CBiGroup

CBiGroup, a FinTech Group based in the US, has secured $15 million in Series A funding led by Alpol Capital Family Office.

CBiGroup will use the funds to boost research and development, investing in new technologies to enhance products and drive innovation. The company aims to explore technologies and leverage advanced AI to deliver high-quality, innovative, cross-border payment and international financial solutions.

“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,” said Jiangtao Sun, founder of CBiGroup.

CBiGroup provides comprehensive global financial services for businesses engaged in international trade. The company offers corporate banking, global transfers, Visa and UnionPay cards, and support clients’ transactions across 163 countries and regions. With partnerships with over 120 banks and financial institutions, CBiGroup has built a reliable global clearing network, addressing various payment and asset allocation needs for over 100,000 international businesses and users.

CBiBank, a subsidiary of CBiGroup, offers several advantages over traditional banks:

  • Friendly account opening approaches and efficiency processing with an average of one week.
  • Fully online operations accessible from anywhere with an internet connection.
  • Tailored services for businesses engaged in international trade with user-friendly interface.
  • Responsive customer service team to quickly resolve issues.
  • Comprehensive product offerings, including linked corporate and personal accounts, special UnionPay and Visa card solutions.

CBiBank’s nearly fully 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 leading position and growth potential in the industry. This investment will help CBiGroup achieve significant breakthroughs in fintech,” said Daniel Morra, CIO of Alpol Capital Family Office.

Previous Article

May 28, 2024

Swift launches new cross-border payment tracking solution

Read More
Next Article

May 28, 2024

Commerzbank ties up with Infosys & Murex to upgrade trading ecosystem

Read More






IBSi Daily News Analysis

June 21, 2024

CBiGroup

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

Today

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023