Apex Trader Funding - News
Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D
New York, May 23, 2024 (GLOBE NEWSWIRE) -- 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.
Founder Jiangtao Sun announced that 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 cutting-edge technologies and leverage advanced AI to deliver high-quality, innovative cross-border payment and international financial solutions.
Founded in 2017, 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.
In 2022, the global cross-border payment market was valued at $181.9 trillion and is expected to reach ...