PANews reported on November 25 that according to Forbes, XanPool, a crypto payment infrastructure company that provides fiat currency and cryptocurrency exchange services, completed a $41 million financing in the second quarter of 2022, led by Target Global. Target Global invested $35 million and Antler Elevate invested $6 million. XanPool's valuation has reached $400 million. XanPool will use the new funds to accelerate market expansion in Europe, the Middle East, North Africa and Latin America, and establish a research and development center in Thailand.
It is reported that XanPool is a payment and liquidity network that can realize a non-custodial crypto-to-crypto (C2C) network, which is composed of liquidity providers, including crypto funds, money service operators and traditional export companies, who have idle funds in their crypto wallets, e-wallets or bank accounts. XanPool aims to become similar to the SWIFT network, which can also settle without holding its own liquidity, but is compatible with cryptocurrencies, fast payment services and e-wallets.
Earlier news, XanPool completed a US$27 million Series A financing round led by Valar Ventures in October last year.
