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The Silicon Review Asia

XanPool's Series A Led by Valar Ventures

XanPool's Series A Led by Valar Ventures

The company raised $27 million in its Series A

The payments infrastructure builder XanPool has raised $27 million in its Series A round. The round was led by Valar Ventures, along with investments from CMT Digital and Taavet Hinrikus, an angel investor.

XanPool operates in over 13 APAC countries and has 500,000 users and over 400 business partners. The funding will help the company consolidate its presence in Asia Pacific and expand its product offerings.

In 2019, XanPool began its journey as a small software innovation in the Peer-to-Peer technology space. The company's C2C network has grown since then with over $200 million of liquidity. XanPool's open C2C network has individuals and businesses both, and it reduces the counterparty risk and costs associated with these forms of transfers.

"Today, the network is not only used by cryptocurrency users but also hundreds of underserved businesses that traditional payment processors cannot service due to risk or cost factors which the XanPool network does not have," said Jeffery Liu, Chief Executive Officer at XanPool.

XanPool's CEO further said that XanPool’s network will look more similar to that of the SWIFT Network. XanPool is compatible with modern payment solutions like Cryptocurrency, Fast-Payments, and E-wallets.

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