Singapore-based Xfers Lands $2.5M To Simplify Bank Transfers For Online Sellers

Xfers, a startup that wants to simplify bank transfers, announced today that it has raised a $2.5 million seed round. Based in Singapore, Xfers plans to use the funding to expand into Indonesia during the first quarter of this year before tackling other markets in Southeast Asia. The Y Combinator alum will also continue building its technology platform, which can be integrated with many banking networks and payment gateways.