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XTransfer Awarded as Technology Pioneer by World Economic Forum

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XTransfer Awarded as Technology Pioneer by World Economic Forum

June 18
02:22 2020
The World Economic Forum announced its selection of over 100 of the most promising Technology Pioneers of 2020, who are shaping industries from agriculture to finance while also working on sustainability issues and much more.

Shanghai – 17 June, 2020 – XTransfer, a Shanghai-based Chinese company, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. As a one-stop cross-border B2B financial services provider for foreign trade enterprises, XTransfer made it to the selection for its contributions in the field of finance.

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.

Following its selection as Technology Pioneer, CEO Bill Deng of XTransfer will be invited to participate at World Economic Forum activities, events and discussions throughout the year. XTransfer will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.

“We’re excited to welcome XTransfer to our 20th cohort of Technology Pioneers,” says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “XTransfer and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”

“It’s great to be acknowledged as a Technology Pioneer by the World Economic Forum”, said Bill Deng. “It is an encouraging recognition that XTransfer can provide SMEs a global treasury management platform as good as that enjoyed by large corporates such as Apple and Huawei Technologies.”

This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley.

Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.

About XTransfer: 

XTransfer was founded in May 2017 by six ex-Ant Financial and Alibaba employees.

XTransfer cooperates with banks from various countries to set up a globally unified B2B financial network and intelligent risk management system, and launches comprehensive solutions of various cross-border financial services, such as global account opening, foreign currency exchange, and foreign exchange declaration. XTransfer strives to remove the hurdle for small and medium-sized enterprises (SMEs) to enter the global market and improve their world-wide competitiveness.

About World Economic Forum:

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.

About the Global Innovators:

The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.

Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues.

Media Contact
Company Name: XTransfer
Contact Person: Kefei.Wei
Email: Send Email
City: Shanghai
Country: China
Website: https://www.xtransfer.cn/

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