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Former Ant execs' startup draws new investors and bank partners

XTransfer CEO aims to build 'PayPal for cross-border trade'

SHANGHAI -- The wings of China's Ant Group, crowned as the world's most valuable financial technology startup, have been dramatically clipped in recent weeks with the cancellation of its planned initial public offering and binding new restrictions on its dealings with banks and customers.

But a young fintech launched by a group of Ant veterans is now attracting new international investors and expanding its tie-ups with banks.

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