CB International Bank is a financial institution that offers a range of banking services, including loans, deposits, and investment products, utilizing secure digital platforms for efficient transactions. The bank addresses the need for accessible financial services in underserved markets, enhancing financial inclusion and customer engagement.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) engaged in international trade often face challenges in accessing efficient and cost-effective cross-border financial services. Traditional banking solutions may involve complex account opening procedures, high transaction fees, and delays in fund transfers, hindering their ability to compete effectively in the global market.
Solution
CBiBank provides a suite of digital banking services designed to streamline international trade and wealth management for both businesses and individuals. The platform facilitates fast-track account opening, multi-currency transactions, and global remittances through a user-friendly mobile app and online banking portal. CBiBank leverages an intelligent risk management system to expedite fund transfers while ensuring secure settlements and compliance. By offering services such as letters of credit, documentary collections, and foreign exchange hedging, CBiBank aims to simplify international payments, mitigate exchange rate risks, and promote global connectivity for its clients.
Target Audience
CBiBank primarily serves SMEs involved in physical trade, service trade, global investments, and cross-border e-commerce, as well as individual investors, immigrants, and cross-border workers.
Features
- Online account opening with video verification and rapid review process
- Multi-currency accounts supporting USD, EUR, CNH, GBP, JPY, SGD, and HKD
- Real-time currency exchange with transparent rates
- Global remittance services with instant transfers to local bank cards
- Corporate debit cards for ATM withdrawals, POS transactions, and procurement
- Documentary services including letters of credit and documentary collections
- Foreign exchange hedging services to mitigate currency fluctuation risks
- 24/7 online customer service
- Mobile app for personal and business banking