TerraPay secures £80m Series B funding from IFC to scale global payments infrastructure
The financing round was led by IFC with participation from Prime Ventures, Partech Africa, and DFC.
TerraPay operates a global payments infrastructure that connects financial institutions, businesses, and mobile wallets for cross-border transactions. The company maintains an extensive regulatory footprint across numerous international markets.
TerraPay has secured £80m in a Series B financing round led by IFC, alongside support from Prime Ventures, Partech Africa, and the U.S. International Development Finance Corporation. The company plans to deploy the capital to accelerate its expansion into the LATAM and MENA regions while widening its pay-out network reach. Additional outlays will focus on marketing alternate payment methods and scaling its regulatory infrastructure.
Operating across more than 200 countries, the business facilitates instantaneous money transfers and merchant settlements. The latest injection follows a period of sustained profitability and builds on existing institutional backing to support broader financial inclusion initiatives.
From the founder
"We are thrilled to announce the successful completion of our Series B financing round. This latest funding is a testament to our exceptional achievements and the unwavering dedication of our team in delivering innovative payment solutions to customers globally. The continuous support from our investors and lending partners has enabled us to expand our infrastructure, enhance our network coverage, and accelerate investment in our operations, product development, and technology. We look forward to continuing our valuable strategic partnership with our investors and delivering continuous value to all our stakeholders, including customers, partners, investors, and employees."
Ambar Sur
Founder and CEO at TerraPay
Investor perspective
"Low-cost cross-border payments are critical to financial inclusion and global trade. We are delighted to announce our continued support for TerraPay, as they deliver efficient payments instantly and securely, between individuals, businesses, and financial institutions, while also strengthening regulatory and compliance infrastructure. They are building a unique global highway for inclusive payments."
William Sonneborn
Global Director of Disruptive Technologies and Funds, IFC
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
Investors
William Sonneborn
IFC
Pieter Welten
Prime Ventures
Cyril Collon
Partech
James Polan
U.S. International Development Finance Corporation