About TerraPay
TerraPay is a Financial Services company based in Amsterdam (Netherlands) founded in 2014 by Ram Sundaram and Ambar Sur, and was acquired by Partech Partners in March 2020. Cross-border money transfers are enabled by omnichannel payment solutions. TerraPay has raised $100 million across 5 funding rounds from investors including Visa, International Finance Corporation and Partech Partners. The company has 384 employees. TerraPay has completed 1 acquisition, including Pay2Global. Its chief executive, as recorded, is Ambar Sur. Its website terrapay.com draws about 44 thousand monthly visits. Its Indian entity Terrapay Solutions India Private Limited reported revenue of ₹85.87 Cr. TerraPay offers products and services including Digital Wallets, Accounts, and Cards. Its focus areas include FinTech, Digital Remittance, Networks and Omnichannel.
Company details
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.
- Headquarters Amsterdam, Netherlands
- Employees 384
- Founders Ram Sundaram, Ambar Sur
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website terrapay.com
- Social LinkedIn X Facebook YouTube
- Acquired by Partech Partners (Mar 2020)
- Legal Name Terrapay Solutions India Private Limited
- Date of Incorporation 01 Apr, 2020
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹85.87 Cr
FY 2023 · +160% YoY
- Indian entity net profit₹11.10 Cr
FY 2023 · 11% margin
- Indian entity EBITDA₹16.36 Cr
FY 2023 · 17% margin
- Total Equity Funding$100M (USD)
in 5 rounds
- Latest Funding Round$95M (USD), Debt – Conventional
Jul 2024
- InvestorsVisa
& 8 more
- Employee Count384
- Investments & Acquisitions
- Acquired byPartech Partners
(Mar 2020)
Associated legal entities of TerraPay
TerraPay operates through Terrapay Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Terrapay Solutions India Private Limited CIN U74140KA2020PTC133630 | Active | 01 Apr 2020 | Bangalore, Karnataka | ₹85.9 Cr | 384 | 3 | View details |
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.
Apps and channels of TerraPay
its YouTube channel TerraPay has 193 subscribers and 27 videos.
Videos from TerraPay
The most watched videos on TerraPay's YouTube channel, TerraPay (193 subscribers). Click a video to play it here.
More on TerraPay.
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 $100M
- Total Rounds 5
- Last Round Debt – Conventional — $95M
- First Round $9.6M
(Mar 2020)
- Investors Count 9
All 5 funding rounds of TerraPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $95M | Debt – Conventional | – | – | |
| Apr 2023 | Debt – Conventional | – | – | – | |
| Apr 2023 | $100M | Series B | – | IFC | |
| Feb 2021 | $20M | Debt – Conventional | – | – | |
| Mar 2020 | $9.6M | Debt – Conventional | – | – |
9 investors in total: 9 institutional.
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 |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Venture capital is invested in European technology sectors. | primeventures.com | Amsterdam, Netherlands | ||
Venture capital is provided to global tech startups and scale-ups. | 1982 | partechpartners.com | Paris, France | |
Government agency supporting the development of SMEs | 2019 | dfc.gov | ||
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Private equity and funds of funds | bio-invest.be | Brussels, Belgium | ||
Venture capital is directed toward multiple sectors by the firm. | opfinnfundglobalimpact.tcc.mode | Helsinki, Finland | ||
Digital payment solutions are offered to individuals and businesses. | 1958 | visa.com | San Francisco, United States | |
Working capital loans are provided to businesses by Lendable. | 2015 | lendable.io | New York, United States |
Investor details for TerraPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Terrapay Solutions India Private Limited (TerraPay)
Terrapay Solutions India Private Limited is the primary company behind TerraPay. The board of Terrapay Solutions India Private Limited currently have 3 directors; the longest-serving is Ganapathy Subramaniam, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ganapathy Subramaniam DIN 00013281 | Director | 01 Apr 2020 | 6 yrs 6 mo | Terrapay Solutions India Private Limited |
| Saransh Verma DIN 08739143 | Whole-time director | 12 Oct 2020 | 6 yrs | Terrapay Solutions India Private Limited |
| Vanburn Gomes DIN 08739125 | Whole-time director | 12 Oct 2020 | 6 yrs | Terrapay Solutions India Private Limited |
People of TerraPay
129 people are tracked at TerraPay (47 in leadership, 1 in board & advisors, 81 in team); the tracked headcount is 384.
| Name | Role | Group |
|---|---|---|
Ram Sundaram | Co-Founder & COO | Leadership |
Ani Sane | Co-founder & Chief Business Officer | Leadership |
| Co-Founder & CEO | Leadership | |
Aniruddha Sane | Co-founder and Chief Business Officer | Leadership |
Sukesh Malliah | Regional Director - Asia | Leadership |
Akbar Hussain | Co-founder and Chief Legal & Compliance Officer | Leadership |
Willie Kanyeki | Regional Director - East Africa | Leadership |
Mayank Tripathi | Head, Operations- Global Key Accounts And MENA | Leadership |
Ashok Gajarajan | Vice President & Global Head Of Operations | Leadership |
Ashraf Aly | Group Head Of Compliance | Leadership |
| Chief Financial Officer | Leadership | |
Bassem Awada | Vice President - Global Strategic Accounts & Partnerships | Leadership |
Rammy Naguiat | Country Director | Leadership |
Pamela Romaniello | General Manager Payments - Italy | Leadership |
Sudhesh Giriyan | President - Cross Border Payments | Leadership |
| Senior Vice President - Technology | Leadership | |
Margaret Peter | Associate Director | Leadership |
Navdeep Jain | Engineering Director | Leadership |
Mohd Saif Abbasi | Vice President- Legal, Corporate Affairs, Risk And Data Privacy | Leadership |
Hassan Chatila | VP - Global Head Of Network | Leadership |
109 more people are available in the full profile.
Complete people profiles for TerraPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of TerraPay
Figures of Terrapay Solutions India Private Limited, the primary company behind TerraPay, for FY 2023. Revenue was ₹85.87 Cr (+160% year on year). Net profit was ₹11.10 Cr (11% margin). EBITDA was ₹16.36 Cr (17% margin).
- ₹85.87 CrRevenue · FY 2023 · +160% YoY
- ₹11.10 CrNet profit · 11% margin
- ₹16.36 CrEBITDA · 17% margin
- ₹2.11 CrPaid-up capital
- 384Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Terrapay Solutions India Private Limited are on its company page.
Detailed financial statements for TerraPay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Money transfer service provider. | pay2global.com | London, United Kingdom | 2012 | Aug 2016 | •••• |
Complete acquisition details for TerraPay
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Deal sources
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Timeline of TerraPay
5 dated milestones of TerraPay across 10 years, from founding to its latest funding, stage changes and deals.
- Founded TerraPay is founded.
- Acquisition Acquires Pay2Global.
- Funding First funding round of $9.6M.
- Exit Acquired by Partech Partners.
- Funding Latest funding round, Debt – Conventional, of $95.0M.
Web traffic of TerraPay
The website of TerraPay (terrapay.com) receives about 44K visits a month.
- Monthly visits44K
▲ 11.4% vs previous month
Websites whose visitors overlap most with TerraPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| technode.global | 100% | 97.2K | #441,550 | View details | |
fintechmagazine.com | fintechmagazine.com | 100% | #149,934 | – | |
electronicpaymentsinternational.com | electronicpaymentsinternational.com | 100% | #657,597 | – | |
| thunes.com | 60% | 110.1K | #323,349 | View details | |
paymentscardsandmobile.com | paymentscardsandmobile.com | 60% | #1,517,930 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for TerraPay
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Related news about Terrapay
Complete news archive for TerraPay
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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 CEO of TerraPay, as recorded in our data. They have also founded this company.
TerraPay is a funded company, having raised a total of $100M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $9.6M, raised on Mar 2020.
TerraPay has 384 employees.
The primary company behind TerraPay, Terrapay Solutions India Private Limited, reported revenue of ₹85.87 Cr for FY 2023, up 160% year on year.
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.
TerraPay operates through Terrapay Solutions India Private Limited.
Yes. TerraPay was acquired by Partech Partners in March 2020.