We also cooperate with other professional partners to provide assistance in opening corporate bank accounts. Here are some of the banks and financial institutions we often collaborate with:
Traditional Banks: We have always worked with local traditional banks such as DBS Bank, Bank of Communications, and Hang Seng Bank. Traditional banks provide a wide range of corporate banking services, including opening corporate bank accounts, electronic payment solutions, loans, and financing. We will assist clients in contacting Hang Seng Bank, assist in handling account opening procedures, and ensure that clients can smoothly open corporate bank accounts.
In addition to traditional banks, we also cooperate with some emerging virtual banks/financial institutions to open corporate accounts for corporate clients to handle daily transactions, to solve the problem of not being able to open corporate accounts in traditional banks, the relevant financial institutions are as follows:
Airwallex is a global cross-border payment and foreign exchange service provider, headquartered in Melbourne, with 19 offices worldwide and over 1200 employees. Airwallex provides services such as remittances and collections for businesses. In Hong Kong, Airwallex holds a money service operator license, specifically providing cross-border operation support services for businesses.
The main services of Airwallex include:
- Exchange and hold 21 currencies
- Remittance to over 120 countries (31 currencies)
- Direct connection to Xero accounting software, simplifying the company’s bookkeeping procedures
The purpose of Airwallex’s establishment is to assist businesses in transitioning their operations from offline to online, and from local to global. Their mission is to build a global financial infrastructure and applications with technology at the core, assisting businesses to grow steadily around the world². Their vision is to allow businesses to operate smoothly anytime and anywhere through global financial cloud services.
As for the main shareholders of Airwallex, the following are some known investors:
- Square Peg Capital, founded by SEEK’s founder Paul Bassat, held 4.3% of Airwallex’s shares according to court documents in 2018.
- ANZ Bank’s internal risk investment fund 1835i.
- The private companies of Atlassian’s founders Scott Farquhar and Mike Cannon-Brookes.
- Pension giant Hostplus.
XTransfer is a company that focuses on providing cross-border financial and risk control services for cross-border B2B e-commerce small and medium-sized enterprises. Here is some information about XTransfer:
- XTransfer was established in 2017, with its headquarters in Shanghai, and has branches in major foreign trade cities such as Hong Kong and Shenzhen in China, as well as in the UK, the US, Canada, Japan, Australia, Singapore, and other places.
- XTransfer provides a comprehensive solution for various cross-border financial services, including opening global and local collection accounts, foreign exchange conversion, and reporting in overseas foreign exchange control countries.
- XTransfer has obtained local payment licenses in Hong Kong, China, the UK, the US, Canada, and Australia.
- XTransfer adopts strict measures to ensure fund security, and its financial solutions have been inspected and approved by cooperative banks and institutions.
As for the main shareholders of XTransfer, the following are some known investors:
- China Merchants Venture Capital
- eWTP Capital
- Yunqi Capital
- Gaorong Capital
- 01VC
- Telstra Ventures
- Concept Capital
- Lavender Hill Capital Partners
- D1 Capital Partners LP
Please note, this information related to may be outdated, as the company’s equity structure may change with new financing rounds. If you need the latest information, it is recommended to contact Airwallex and XTransfer directly or check its latest public documents.
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