CBiGroup, a leading U.S.-based Fintech company, has announced the successful completion of its Series A funding round, securing $15 million. The funding was led by Alpol Capital Family Office, renowned for its investments in cutting-edge technologies.
The new capital will be allocated to enhancing research and development, focusing on new technologies to improve products and drive innovation, stated Jiangtao Sun, the founder of CBiGroup.
Founded in 2017, CBiGroup provides comprehensive global financial services for international trade, including corporate banking, global transfers, Visa and UnionPay cards, and supports transactions across 163 countries. The company has partnered with over 120 banks and financial institutions, establishing a reliable global clearing network that serves over 100,000 international businesses and users.
The global cross-border payment market was valued at $181.9 trillion in 2022 and is projected to reach $356.5 trillion by 2032, growing at a CAGR of 7.3%. The Asia-Pacific region is poised for the fastest growth, emerging as a fintech innovation hub with startups utilizing blockchain technology, AI, and mobile apps to create advanced payment solutions.
In 2016, Jiangtao Sun recognized the unmet need for cross-border and international settlement services among trade businesses, particularly SMEs. This led to the founding of CBiGroup in 2017. Under Sun’s leadership, the company has secured multiple financial licenses and developed the CBiLink banking system, supported by robust security, compliance, and risk management teams.
According to Jintao Sun, CBiBank, the subsidiary of CBiGroup, offers nearly fully online business processes that 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.
“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.
