XTransfer plans expansion with European HQ in Amsterdam

Amsterdam’s fintech hub continues to grow

Chinese fintech giant XTransfer, the country’s leading B2B cross-border trade payment platform, has announced plans to open its European headquarters in Amsterdam. The announcement was made during the Money 20/20 Europe conference in the Dutch capital, where XTransfer signed a Letter of Intent with the Netherlands Foreign Investment Agency (NFIA). 

The move signals a strategic investment into one of Europe’s fastest-growing fintech hubs. Amsterdam, widely recognised for its progressive digital infrastructure, supportive regulation, and international business community, will serve as XTransfer’s gateway into the European market.

How the fintech ecosystem is developing in Amsterdam

XTransfer’s European expansion focuses on providing SMEs with seamless cross-border payment solutions, a traditionally underserved segment in global trade finance. The company’s Founder and CEO, Bill Deng, praised the Dutch fintech ecosystem and the NFIA’s role in facilitating the move.

The announcement follows XTransfer’s recent acquisition of a Dutch Electronic Money Institution (EMI) license, allowing the firm to provide regulated payment services within the EU.

Boost for Amsterdam’s fintech scene

XTransfer will join an array of tech-driven fintech companies with Dutch or Dutch-founded roots that are disrupting traditional banking and payment services in Europe. These companies, which call Amsterdam home, include Adyen, Knab, Mollie, Finom, and Bunq, often acknowledged as a unicorn in the fintech scene.

XTransfer’s decision to establish its European headquarters in Amsterdam confirms the city’s status as a leading fintech hub in Europe. This move not only signals confidence in Amsterdam’s fintech future but also highlights the city’s growing role as a leader in the future of global financial services.

Read more about fintech in Amsterdam