Payments Firm XanPool Raises $27M in Funding Round Led by Valar Ventures

Payments Firm XanPool Raises M in Funding Round Led by Valar Ventures
Hong Kong based payments infrastructure firm XanPool has raised $27 million in a Series A funding round led by Peter Thiel’s Valar Ventures, the company announced Friday.Other participating investors included CMT Digital and the founder and chairman of Wise, formerly TransferWise, Taavet Hinrikus.XanPool describes itself as a payments and liquidity network similar to Mastercard or Visa, but rather than having a closed network of banks as partners, XanPool has an open network of individuals and businesses whose idle capital is used to settle cross-currency and cryptocurrency transactionsJeffery Liu, CEO at XanPool, which currently operates in over 13 countries in the…