About 2C2P
2C2P is a company based in Singapore (Singapore) founded in 2003 was acquired by Ant Group in April 2022. 2C2P has raised $85 million across 9 funding rounds from investors including Ant Group, International Finance Corporation and GMO Payment Gateway. 2C2P operates in a competitive market with competitors including Wise, Flutterwave, Xendit, Western Union and Dlocal, among others.
- Headquarter Singapore, Singapore
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name 2C2p Pte. Ltd.
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Annual Revenue
$130.95 M (USD)5as on Dec 31, 2023
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Net Profit
-$2.6 M (USD)84as on Dec 31, 2023
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EBITDA
-$986.16 K (USD)93as on Dec 31, 2023
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Total Equity Funding
$85 M (USD)
in 9 rounds
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Latest Funding Round
$52 M (USD), Series E
Nov 25, 2019
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Investors
Ant Group
& 10 more
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Employee Count
Not available
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Acquired by
Ant Group
(Apr 01, 2022)
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Funding Insights of 2C2P
2C2P has successfully raised a total of $85M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $52 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 2C2P
2C2P has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Ant Group, International Finance Corporation and GMO Payment Gateway.
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IFC is focused on private sector development in emerging markets.
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Early-stage tech ventures in the US and Asia are funded.
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Investments in blockchain startups are provided by Amun Capital.
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Investor details for 2C2P
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Investments & Acquisitions by 2C2P
Investment portfolio details for 2C2P
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Financial Statements - 2C2P
Detailed financials for 2C2P
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2C2p Comparisons
Peer comparison for 2C2P
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Competitors of 2C2P
2C2P operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, Flutterwave, Xendit, Western Union and Dlocal, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border remittances are enabled for individuals and businesses via apps.
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Provider of payment processing solutions for businesses
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Online payment and money transfer platform for businesses
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Provider of remittance services
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Global payment processing is facilitated for businesses through diverse methods.
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Integrated e-wallet and contactless payment solutions for businesses and consumers
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Detailed competitors of 2C2P
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Latest news on 2C2p
Complete news archive for 2C2P
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Frequently Asked Questions about 2C2P
2C2P was founded in 2003 and raised its 1st funding round 5 years after it was founded.
2C2P is headquartered in Singapore, Singapore.
2C2P is a funded company, having raised a total of $85M across 9 funding rounds to date.
Annual revenue of 2C2P is $130.95M as on Dec 31, 2023.
2C2P was founded in 2003 in Singapore and operates in the fintech sector. Payment processing services are provided to businesses, encompassing gateways, remittances, mass payouts, and bill payments. Transactions are facilitated via credit and debit cards as well as bank transfers. An app for bill payments is made available on iOS and Android platforms, supporting operations across the region.
2C2P's top competitors include Flutterwave, Wise and Xendit.
2C2P has 11 investors. Key investors include Ant Group, International Finance Corporation, GMO Payment Gateway, SafeCharge, and GMO Venture Partners.