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CBi Group secured $15M in Series A funding led by Alpol Capital Family Office to enhance R&D for new technologies.

May 23, 2024•about 1 year ago

Amount Raised

$15 Million

Round Type

series a

San JuanBankingLendingFintechFinanceFinancial Services

Investors

Alpol Capital Family Office

Description

CBi Group, a rising U.S.-based commercial bank, has secured $15 million in Series A funding led by Alpol Capital Family Office. The funds will be used to enhance R&D and focus on new technologies to improve products and drive innovation.

Company Information

Company

CBi Group

Location

San Juan, Puerto Rico, United States

About

CBi Group is a rising U.S.-based commercial bank that provides international and cross-border financial services for global trade businesses. It offers corporate banking, global transfers, Visa and UnionPay cards, serving clients in 163 countries and partnering with over 120 banks and financial institutions to build a robust global clearing network for over 100,000 international businesses and users.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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