By VC News Daily

NEW YORK, NY, CBi Group, a rising U.S.-based commercial bank, has secured $15 million in Series A funding.

The round was led by Alpol Capital Family Office, known for its investments in new technologies.

The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBi Group.

CBiBank is a US-based commercial bank. Catering for the international business needs, CBiBank is specialized in providing international financial services. CBiBank is building an inclusive financial service system through ‘technology + service’. It has successfully launched functions such as public-private account interchange, wealth management and salary payments on the basis of cross-border payment and settlement services to facilitating small and medium-sized trade. Enterprises can meet the financial needs of customers in different scenarios.

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Source: VC News Daily