CFX Labs: Funding, Investors & Team (Oct 2026)
CFX Labs Inc. is a fintech company that was established in 2021. They own the brand MoveMoney.com and are based in the United States. With a customer base of 350 million users worldwide, CFX utilizes advanced blockchain technology in a closed-loop system. This system allows them to significantly lower the costs, risks, and settlement times associated with traditional international money transfers. CFX's goal is to expand their network to include over 1.2 billion individuals by the end of Q2 2024. They have integrated with key payment infrastructures in the United States, Mexico, Brazil, India, Nigeria, and various African countries. To ensure secure and compliant transactions, CFX implements strong anti-money laundering and know your customer measures. This results in a secure, efficient, and user-focused experience for global money transfers.
CFX Labs has raised $9.5M across 1 funding round on record, the most recent a Seed of $9.5M announced in Nov 2023.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
CFX Labs Company Profile and Key Stats
Latest funding round on record: Nov 2023.
CFX Labs Funding Rounds
CFX Labs Founders and Leadership Team
Contact details for the CFX Labs team: 1 of 1 has an email address on file.
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CFX Labs' latest round of $9.5M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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CFX Labs Funding FAQs
What does CFX Labs do?
CFX Labs Inc. is a fintech company that was established in 2021. They own the brand MoveMoney.com and are based in the United States. With a customer base of 350 million users worldwide, CFX utilizes advanced blockchain technology in a closed-loop system. This system allows them to significantly lower the costs, risks, and settlement times associated with traditional international money transfers. CFX's goal is to expand their network to include over 1.2 billion individuals by the end of Q2 2024. They have integrated with key payment infrastructures in the United States, Mexico, Brazil, India, Nigeria, and various African countries. To ensure secure and compliant transactions, CFX implements strong anti-money laundering and know your customer measures. This results in a secure, efficient, and user-focused experience for global money transfers.
How much funding has CFX Labs raised?
CFX Labs has raised $9.5M across 1 round on record. The most recent is a Seed of $9.5M announced in Nov 2023.
When did CFX Labs last raise funding?
CFX Labs' most recent funding round on record is a Seed of $9.5M, announced in Nov 2023.
Who founded CFX Labs?
FundedIQ lists Ben Ng (Founder) at CFX Labs.
Where is CFX Labs headquartered?
CFX Labs is based in Chicago, Illinois, United States.
How many employees does CFX Labs have?
CFX Labs is in the 11-50 employee band.
How does CFX Labs' funding compare to other Financial Services startups?
CFX Labs' latest round of $9.5M is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's CFX Labs Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for CFX Labs is left off this page rather than filled in.
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