The Alibaba-backed ETWP Fund led a series B-1 round for XTransfer, which will put the cash towards expanding its cross-border financial services.

China-based cross-border financial services provider XTransfer has closed a $15m series B-1 round led by EWTP Fund, a vehicle for trade organisation Electronic World Trade Platform, which is backed by e-commerce group Alibaba. The round included China Merchants Venture Capital, the venture capital arm of investment manager China Merchants Capital, as well as VC firms…

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