2 years ago

TerraPay Secures $100 Million in Series B Funding to Expand Global Payments Infrastructure

  • TerraPay, a London, UK-based payments infrastructure company, has raised $100 million in Series B funding led by IFC

  • The funding will be used to further TerraPay's growth plans, particularly in LATAM and MENA regions, strengthen its pay-out network to 150 countries by 2024, invest in marketing and adoption of alternate payment methods for mobile wallets, and expand its regulatory and compliance infrastructure

  • TerraPay partners with banks, mobile wallets, money transfer operators, merchants, and financial institutions to create an international financial ecosystem.

      • ProblemFinancial Services

      "making cross-border payments more efficient and accessible"

      Solution

      "a global payments infrastructure and solutions platform that enables business/merchant payouts, acquiring and issuing services, and more"

      Covered on