About TerraPay
TerraPay is a company based in Amsterdam (Netherlands) founded in 2014 by Ram Sundaram and Ambar Sur was acquired by Partech Partners in March 2020.. TerraPay has raised $100 million across 5 funding rounds from investors including Visa, International Finance Corporation and Partech Partners. The company has 384 employees as of March 29, 2024. TerraPay has completed 1 acquisition, including Pay2Global. TerraPay offers products and services including Digital Wallets, Accounts, and Cards. TerraPay operates in a competitive market with competitors including Rapyd, Kadmos, Lightnet, TransferTo and Streami, among others.
- Headquarter Amsterdam, Netherlands
- Employees 384 as on 29 Mar, 2024
- Founders Ram Sundaram, Ambar Sur
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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
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- Legal Name Terrapay Solutions India Private Limited
- Date of Incorporation 01 Apr, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$10.32 M (USD)127.6as on Dec 31, 2023
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Net Profit
$677.14 K (USD)126.19as on Dec 31, 2023
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EBITDA
$1.12 M (USD)161.99as on Dec 31, 2023
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Total Equity Funding
$100 M (USD)
in 5 rounds
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Latest Funding Round
$95 M (USD), Debt – Conventional
Jul 15, 2024
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Investors
Visa
& 8 more
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Employee Count
384
as on Mar 29, 2024
- Investments & Acquisitions
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Acquired by
Partech Partners
(Mar 03, 2020)
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Products & Services of TerraPay
TerraPay offers a comprehensive portfolio of products and services, including Digital Wallets, Accounts, and Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables connections to billions of digital wallets for cross-border payments.
Facilitates seamless pay-ins and payouts in multiple currencies.
Supports global card payments and instant transactions to suppliers.
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Software Development Team
32 people
Operations Team
20 people
Leadership Team
19 people
Legal and Compliance
8 people
Sales and Marketing
6 people
Senior Team
5 people
Human Resources and Administration
4 people
Associate Team
4 people
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Funding Insights of TerraPay
TerraPay has successfully raised a total of $100M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $95 million completed in July 2024. 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 5
- Last Round Debt – Conventional — $95.0M
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First Round
First Round
(03 Mar 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - TerraPay | Valuation |
investors |
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| Apr, 2023 | Amount | Debt – Conventional - TerraPay | Valuation |
investors |
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| Apr, 2023 | Amount | Series B - TerraPay | Valuation | IFC |
| 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 TerraPay
TerraPay has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, International Finance Corporation and Partech Partners. 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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Venture capital is invested in European technology sectors.
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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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 TerraPay
TerraPay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pay2Global. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Money transfer service provider.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TerraPay
| 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 |
Terrapay Comparisons
Competitors of TerraPay
TerraPay 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 Rapyd, Kadmos, Lightnet, TransferTo and Streami, 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 |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cross-border payroll solutions are provided for global migrant workers.
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| domain | founded_year | HQ Location |
Blockchain networks are utilized for cross-border money transfers.
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| domain | founded_year | HQ Location |
International airtime remittances are facilitated via global mobile networks.
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| domain | founded_year | HQ Location |
A cryptocurrency exchange is facilitated via blockchain and financial partnerships.
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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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Latest news on Terrapay
Frequently Asked Questions about TerraPay
When was TerraPay founded?
TerraPay was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is TerraPay located?
TerraPay is headquartered in Amsterdam, Netherlands.
Who is the current CEO of TerraPay?
Ambar Sur is the current CEO of TerraPay. They have also founded this company.
Is TerraPay a funded company?
TerraPay is a funded company, having raised a total of $100M across 5 funding rounds to date.
How many employees does TerraPay have?
As of Mar 29, 2024, the latest employee count at TerraPay is 384.
What is the annual revenue of TerraPay?
Annual revenue of TerraPay is $10.32M as on Dec 31, 2023.
What does TerraPay do?
TerraPay was founded in 2014 and is based in Amsterdam, Netherlands. Operations focus on the fintech sector, where an omnichannel payment solution is delivered for cross-border money transfers. Mobile wallet service providers, financial institutions, and money transfer operators are interconnected in sending and receiving markets. A platform-agnostic approach is employed, with standard open APIs supported for integration across multiple service providers.
Who are the top competitors of TerraPay?
What products or services does TerraPay offer?
TerraPay offers Digital Wallets, Accounts, and Cards.
How many acquisitions has TerraPay made?
TerraPay has made 1 acquisition, including Pay2Global.
Who are TerraPay's investors?
TerraPay has 9 investors. Key investors include Visa, International Finance Corporation, Partech Partners, Lendable, and British International Investment.
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