Photo credit: Darren Gabriel Leow for Forbes Asia
XanPool CEO Jeffrey Liu was among this year's Forbes 30 Under 30 Asia honorees in the Finance & Venture Capital category. This follows XanPool's exponential growth in the past year, doubling in gross merchandise value to as much as $8 billion in 2022.
Note: XanPay is the payment gateway brand in XanPool.
XanPool, a cross-border payments infrastructure provider, aims to expand outside of the Asia-Pacific region amid growing global demand for both crypto and fiat currency settlements. The Hong Kong-based company — which has raised $32 million since inception in March 2019 — plans to enter markets such as Europe and South America. “I see a lot of opportunity to scale up quickly,” says Jeffery Liu, founder and CEO of XanPool.
At age 27, Liu is among this year's Forbes 30 Under 30 Asia honorees in the Finance & Venture Capital category who are using technology to disrupt the conservative world of finance.
XanPool expects its user base (comprising of consumers and businesses opting to use alternative modes of paying for cross-border transactions) to reach 10 million by end-2022 from 500,000 currently. With XanPool’s gross merchandise value seen doubling to as much as $8 billion this year, the company (backed by investors including private equity firms Antler and Valar Ventures) aims to boost its headcount to almost 200 employees by end-2022 from about 90 currently. Most of the new hires will be software engineers and product developers to be based at the research and development hub the company plans to build in Southeast Asia, Liu says.
Original article posted on Forbes by John Kang. Read the full story.