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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 2C2p Pte. Ltd.
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Annual Revenue
$130.95 M5as on Dec 31, 2023
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Net Profit
$-2.6 M84as on Dec 31, 2023
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EBITDA
$-986.16 K93as 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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series E — $52.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series E - 2C2P | Valuation | IFC , Cento Ventures |
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| Sep, 2019 | Amount | Series D - 2C2P | Valuation | IFC |
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| Dec, 2016 | Amount | Series D - 2C2P | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Early-stage tech ventures in the US and Asia are funded.
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Founded Year | Domain | Location | |
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Investments in blockchain startups are provided by Amun Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 2C2P
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 2C2P
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
2C2p Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Global payment processing is facilitated for businesses through diverse methods.
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| domain | founded_year | HQ Location |
Integrated e-wallet and contactless payment solutions for businesses and consumers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 2C2P
When was 2C2P founded?
2C2P was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is 2C2P located?
2C2P is headquartered in Singapore, Singapore.
Is 2C2P a funded company?
2C2P is a funded company, having raised a total of $85M across 9 funding rounds to date. The company's 1st funding round was a Series D of $8M, raised on Nov 24, 2008.
What is the annual revenue of 2C2P?
Annual revenue of 2C2P is $130.95M as on Dec 31, 2023.
What does 2C2P do?
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.
Who are the top competitors of 2C2P?
2C2P's top competitors include Flutterwave, Wise and Xendit.
Who are 2C2P's investors?
2C2P has 11 investors. Key investors include Ant Group, International Finance Corporation, GMO Payment Gateway, SafeCharge, and GMO Venture Partners.
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