Cross-border Chinese fintech firm XTransfer hits unicorn valuation after $138m Series D

Bill Deng Guobiao, co-founder and CEO of Chinese fintech startup XTransfer

XTransfer, a Chinese cross-border financial and risk management services provider, has reached unicorn valuation after raising $138 million in a Series D round to fund its global ambitions starting from Southeast Asia.

The latest round was led by Dan Sundheim’s hedge fund D1 Capital Partners with participation from the firm’s existing shareholders, according to a press release on Friday.

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