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.
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.
People of TerraPay
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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 |
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.
| 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 |
Investments & Acquisitions by TerraPay
TerraPay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pay2Global.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Money transfer service provider.
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2012 |
Financial Statements - TerraPay
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.
| 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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Latest news on Terrapay
Frequently Asked Questions about TerraPay
TerraPay was founded in 2014 and raised its 1st funding round 6 years after it was founded.
TerraPay is headquartered in Amsterdam, Netherlands.
Ambar Sur is the current CEO of TerraPay. They have also founded this company.
TerraPay is a funded company, having raised a total of $100M across 5 funding rounds to date.
As of Mar 29, 2024, the latest employee count at TerraPay is 384.
Annual revenue of TerraPay is $10.32M as on Dec 31, 2023.
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.
TerraPay offers Digital Wallets, Accounts, and Cards.
TerraPay has made 1 acquisition, including Pay2Global.
TerraPay has 9 investors. Key investors include Visa, International Finance Corporation, Partech Partners, Lendable, and British International Investment.