Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
CBiGroup Completes $15 Million Series A Funding to Boost Fintech Innovation
NEW YORK, US - Media OutReach Newswire - 24 May 2024 - CBiGroup, a Fintech Group based in the U.S., has secured $15 million in Series A funding. Alpol Capital Family Office, known for its investments in new technologies, led the funding round.

The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBiGroup.

Founded in 2017, CBiGroup offers comprehensive global financial services for international trade. The company provides corporate banking, global transfers, Visa and UnionPay cards, and supports transactions across 163 countries. Partnering with over 120 banks and financial institutions, CBiGroup has established a reliable global clearing network, catering to over 100,000 international businesses and users.

In 2022, the global cross-border payment market was valued at $181.9 trillion and is expected to reach $356.5 trillion by 2032, growing at a CAGR of 7.3%. The Asia-Pacific region is set for the fastest growth, becoming a fintech innovation hub with startups using blockchain technology, AI, and mobile apps to develop advanced payment solutions.

In 2016, Sun identified the unmet need for cross-border and international settlement services among trade businesses, especially SMEs. He founded CBiGroup in 2017, leading the team to secure multiple financial licenses and develop the CBiLink banking system. They built strong security, compliance, and risk management teams to support their international and cross-border financial services.

CBiBank, a subsidiary of CBiGroup, offers nearly fully online business 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,' says Daniel Morra, CIO of Alpol Capital Family Office.

'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,' says Jiangtao Sun, founder of CBiGroup.

More about CBiGroup: https://www.CBiBank.com/
Hashtag: #CBiGroup

The issuer is solely responsible for the content of this announcement.

CBiGroup

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Friday, May 24, 2024  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Last-Minute Eid Shopping With Max Fashion's New Collection [32431-Views]
Yates takes lead at Tour de Suisse summit finish [21263-Views]
GLOBAL RESEARCH REVEALS: 64% of Saudi Based Consumers are Concerned about the Environment,... [20602-Views]
Living Proof® Brings Its Pioneering, Science-Backed Haircare Solutions To The Region [15076-Views]
Introducing the LUSH Spa: A Sanctuary for Self-Care and Holistic Wellbeing [13481-Views]
Meet Your Hair Care Match With Lush's New Gift Sets [12792-Views]
Celebrate kindness and joy with Lush's festive Eid collection [11328-Views]
Xiaomi introduces Redmi 13: Fun Features for Creativity [8749-Views]
Eid Al Adha Fun For Families: Shop, Win & Celebrate At Arabian Center [8307-Views]
UAE's Student Entrepreneurs Presented Innovations at INJAZ UAE's Annual ‘National Company ... [8110-Views]
Union Coop Allocates 5 Varied Promotional Campaigns During June [7351-Views]
Launching Redmi Pad Pro in United Arab Emirates [7331-Views]
Jumbo Electronics Announces Exclusive Eid al-Adha Offers on Devices and Electronics [7036-Views]
Exciting Entertainment, Promotions, And Raffles: Mall Events Not To Miss This Eid Al Adha [6999-Views]
Line Investments & properties, Summer Super Sale gets its first set of winners, receiving ... [6785-Views]
Grab online Exclusive EID Ticket for just AED 80 at Emirates Park Zoo & Resort! [6531-Views]
Embrace Family Bonding Moments with Luxury Father's Day Offers at Sofitel Dubai Downtown [6503-Views]
Experience Endless Joy at Mercato This Eid Al Adha! [6400-Views]
Gather The Family Round For Redefined Entertainment This Festive Season With LG's Oled 4k ... [6289-Views]
Waterfront Market Gears Up for Eid Al Adha with Freshest Offerings and 30 tonnes of Daily ... [6035-Views]
Health Tips for Pilgrims During the 2024 Hajj Season [5777-Views]
Mohammed Bin Rashid Library Announces Launching Five Research Theses Publications for PhD ... [5658-Views]
EDGE Signs Two MoU Agreements with Cummins Arabia [5650-Views]
GEMS Education spearheads transformation of Arabic language learning with high-tech centre... [5601-Views]
Dubai Municipality allocates 3,150 cleaning supervisors and workers to oversee public hygi... [5498-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories