XanPool is a crypto-to-fiat gateway infrastructure provider.
Basic Information
Founded in 2019, Singapore-based XanPool helps users convert their cryptocurrency to local fiat currencies and vice versa. While its operations appear to be like a crypto exchange, XanPool is fast and doesn't custody customer funds. XanPool serves as an intermediate layer between buyers and sellers (market-takers) and market makers, which are partnered with XanPool, to enable users the option to transfer local currency using local payment methods in consideration for cryptocurrencies (Onboard), as well as an option to transfer cryptocurrencies to the market makers in consideration for local currency payment (Offboard).The firm's software supports local payment solutions such as FPS in Hong Kong, IBFT in Pakistan, and InstaPay in the Philippines. XanPool currently has over 75,000 transacting users in over eight Southeast Asian countries and has plans to expand into Pakistan, Bangladesh, Russia, Japan, Korea, Australia, and New Zealand in the near future. In September 2020, the startup raised $4.3 million in pre-Series A funding. The round was led by OK Group, with participation from venture firms HashKey and Gumi Cryptos.
Legal Name
:
XanPool Limited
Headquarters
:
Singapore, Singapore, Singapore
Founding Date
:
2019
No. of Employees
:
41 to 60
Core Team
:
1.
Jeffery Liu
Co-Founder & CEO
2.
Tema Ibragimov
Co-Founder & CTO
Funding
Total Funding
$4.4M
Investors
:
1.
OK Group
2.
Gumi Cryptos Capital
3.
Antler
4.
Hashkey
See More
Cryptocurrency
FinTech
Cryptocurrency
FinTech
Recently Added Startups
Recently Added Startups
Cryptocurrency
FinTech