XanPool, a Hong Kong-based payments infrastructure builder that operates in more than 13 countries in the Asia Pacific, has raised USD 27 Million in a Series A financing round led by Valar Ventures on 22 October 2021.

Investors: Valar Ventures led the latest funding round with participation from investors such as CMT Digital and notable angel investor Taavet Hinrikus (Founder and Chairman of Wise, formerly Transferwise). In addition, existing investors also contributed to this round, such as Gumi Cryptos and global early-stage VC Antler. 

The Objectives behind the funding: The company plans to deploy the current proceeds to consolidate its presence across the Asia Pacific region and expand its service offerings.

About XanPool

Founded in 2019 by Jeffery Liu and Tema Ibragimov, XanPool is a Payments and Liquidity Network. Identical to Mastercard or Visa, but instead of having a closed network of banks as partners, XanPool’s open C2C network is made out of individuals and businesses whose idle capital is utilised to settle cross-currency and cryptocurrency transactions. Consequently, XanPool lowers the counterparty risk and costs associated with these forms of transfers while also permitting the individual and business liquidity providers to earn fees of up to 2% a month on their idle capital. 

XanPool software allows anyone to enable Crypto to Fiat on or offboarding seamlessly. The company’s C2C software solution and liquidity network create the onboarding and offboarding infrastructure in crypto much more user-friendly and resilient against existing infrastructure dependency (such as bank partners). It enables institutions and retail to be on and off-board regardless of their infrastructural limitations.

XanPool analogizes its collective technology to a “SWIFT-like Network”, but instead of taking days or weeks to settle, XanPool, using only more modern payment solutions with less overhead and risk, can settle similar transactions with a fraction of the cost, and speeds which are magnitudes faster, within seconds. 

What the Founder and Team have to say:  

Commenting on XanPool’s ambitions in the APAC region, James Fitzgerald from Valar Ventures said, “It’s impressive seeing how XanPool has capitalized on the adoption of cryptocurrency to build a decentralized payment network powered by this new asset class. This space is evolving quickly; the incumbents aren’t going to know what hit them.”

Commenting on XanPool’s ongoing momentum, Jeffery Liu, Chief Executive Officer at XanPool, said, “XanPool started as a small software innovation in the Peer to Peer technology space, allowing users to settle their cryptocurrency to local-currencies within seconds without taking custody risk. Our C2C network has since grown into Asia’s largest decentralized liquidity pool with over USD 200 million of liquidity. 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.”

Jeffery further commented, “In the coming years, XanPool’s network will look more similar to that of the SWIFT Network. Just like SWIFT, XanPool does not hold liquidity itself. Instead, it relies on the liquidity of all the participants using the network. Just like SWIFT, XanPool earns fees based on the communication that its software facilitates. But unlike SWIFT, XanPool is compatible with modern payment solutions like Cryptocurrency, Fast-Payments, and E-wallets. You can expect more innovation from XanPool in this direction.”


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Manish writes about the startup ecosystem on VCBay. He is pursuing Master of Commerce from Delhi School of Economics, University of Delhi, and is passionate about the world of finance, information technology & entrepreneurship.

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