# 2C2P Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/2c2p-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.2c2p.com
- Total disclosed funding: $38M
- Latest round: Series E (Apr 9, 2020)
- Investors on record: 5

## About

2C2P Pte. Ltd. is a payment solutions provider specializing in transaction processing for enterprises in Southeast Asia and beyond, facilitating seamless operations for e-commerce and other sectors.Founded in 2003 and headquartered in Singapore, 2C2P Pte. Ltd. provides payment processing services. The company was co-founded by Andy Hidayat and Aung Moe. Aung Moe currently serves as the CEO. 2C2P has successfully raised USD 30.00 mn in its Series E funding round, with total funding amounting to USD 30.00 mn and a current valuation of USD 204.26 mn. The company has completed 10 deals to date, focusing on expanding its market reach across Southeast Asia.2C2P offers a comprehensive suite of payment solutions designed for large enterprises across Southeast Asia and beyond. Its core offerings include payment processing services that support various payment methods, such as credit cards, debit cards, digital wallets, and more, facilitating transactions at over 600,000 locations. The company also provides features like instalment payments, mass payouts, and overseas fund transfers, catering to a diverse clientele including e-commerce platforms, airlines, and retailers.In 2023, 2C2P reported a revenue of USD 130.95 mn with an EBITDA of USD 2.78 mn. Its revenue is derived primarily from transaction-based fees associated with its payment solutions, including subscription fees for premium services and competitive transaction fees that scale with volume, increasing overall transaction activity.2C2P Pte. Ltd. is strategically focusing on expanding its footprint in new markets through the introduction of upcoming payment solutions and enhancing its existing offerings. The company has secured additional funding from Singha Ventures to support these initiatives, aiming to bolster its presence in Southeast Asia and potentially beyond. The specific details of the new product launches and target geographic regions are yet to be disclosed.

## Funding rounds

- Series E, Apr 9, 2020, $30M — IFC Asset Management Company, Cento Ventures, Arbor Ventures
- Series C, Apr 27, 2015, $7M — GMO VenturePartners, Amun Capital
- Series A, Dec 29, 2011, $1M — Cento Ventures

## Investors

- Cento Ventures (https://capitalatlas.ai/funds/cento-ventures) — Series A, Series E
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series C
- Amun Capital (https://capitalatlas.ai/funds/amun-capital) — Series C
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series E
- Arbor Ventures (https://capitalatlas.ai/funds/arbor-ventures) — Series E