XTransfer Marks Strategic Expansion into the Netherlands at Money20/20 Europe

XTransferSignsLetter ofIntention for European Headquarters inAmsterdam

AMSTERDAM,June 4, 2025/PRNewswire/ --XTransfer, the world's leading andChina'sNo.1 B2B cross-border trade payment platform, is pleased to mark its intention for strategic expansion inthe Netherlandsduring Money20/20EuropeinAmsterdam. Representatives of XTransfer and the Netherlands Foreign Investment Agency signified the intention to invest in a joint ceremony at Money2020, celebrating XTransfer's long-term commitment to investing inthe Netherlandsand expanding its presence withinEurope'smost dynamic fintech ecosystem.

The signing ceremony took place at XTransfer's booth at Money20/20Europe, with a Letter of Intention signed byBill Deng, Founder and CEO of XTransfer,andHans Kuijpers,Director of Investment ProjectsatNetherlands Foreign Investment Agency.

Recognised as the fintech capital ofEurope,the Netherlandsoffers a dynamic and innovation-driven environment that supports cutting-edge financial technologies. With a robust digital infrastructure, forward-thinking regulatory frameworks, and a collaborative international business climate,the Netherlandsis the ideal location for XTransfer's European expansion.

Bill Deng, Founder and CEO of XTransfer, said,"We are grateful for the strong support from the NFIA. Their valuable insights and connections have played a vital role in making our expansion into the Dutch market smooth and strategic. Our intention to invest not only demonstrates our long-term commitment to the region but also reflects our deep appreciation forthe Netherlands'position as a leader in fintech innovation. We look forward to growing alongside the local ecosystem and empowering SMEs acrossEuropewith innovative cross-border payment solutions."

Hans Kuijpers, Director Investment Projects NFIA, said,"We warmly welcome XTransfer's decision to establish its European base inthe Netherlands. Their international presence, innovative compliance technology, and strong focus on SME cross-border payments strengthen our dynamic fintech ecosystem. Backed by a Dutch EMI license, this expansion reinforcesthe Netherlands'position as a key player in international digital finance."

The intention to invest marks a significant milestone in XTransfer's European strategy, with a focus on strengthening its cross-border payment infrastructure across the region. Key priorities include supporting local SMEs with one-stop financial solutions for cross-border trade and fostering digital innovation through close collaboration with the Dutch banks, financial institutions and fintech ecosystem.

This milestone follows XTransfer's recent acquisition of an Electronic Money Institution (EMI) license from the Dutch Central Bank, an important achievement that enables the company to provide a comprehensive payment solution for local trading SMEs.

About XTransfer

XTransfer, the world-leading andChina'sNo.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered inShanghaiand has branches in Hong Kong SAR, theUnited Kingdom,the Netherlands,the United States,Canada,Australia,Singapore,Vietnam,Thailand,Malaysia,the Philippines, the UAE, andNigeria. XTransfer has obtained local payment licenses in Mainland China, Hong Kong SAR,Singapore, theUnited Kingdom,the Netherlands,the United States,Canada, andAustralia. With more than 600,000 enterprise clients, XTransfer has become the industry No.1 inChina.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing inSeptember 2021and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information, please visit:https://www.xtransfer.com/

About the Netherlands Foreign Investment Agency

The Netherlandsis committed to finding sustainable, innovative, and digital solutions to global challenges. That is why the Netherlands Foreign Investment Agency (NFIA) is keen to welcome and assist foreign companies that contribute to this goal and strengthen our international ecosystems. As a government organisation tasked by the Dutch Ministry of Economic Affairs, the NFIA helps and advises impact businesses in the various stages of establishing, rolling out and expanding their international activities inthe Netherlands. The NFIA does this in collaboration with regional partners in the Invest inHollandnetwork.

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SOURCE XTransfer