# TerraPay Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/terrapay-holdings

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.terrapay.com
- Latest round: Series B (Apr 4, 2023)
- Investors on record: 5

## About

Based in the UK, TerraPay Holdings Limited is a financial technology company specializing in global payment solutions, facilitating cross-border transactions and local payouts across various markets.TerraPay Holdings Limited, founded in 2014, is headquartered in London, UK. The company focuses on providing seamless payment solutions for cross-border transactions. TerraPay has successfully completed a total of 7 deals, with the most recent funding round taking place on July 17, 2024, where it raised USD 30 mn from investors such as BIO Invest and OP Real Estate Asset Management. In July 2025, TerraPay Holdings Limited raised USD 100 million in series B funding led by returning investor International Finance Corporation, with participation from other returning investors Partech and Prime Ventures. The CEO of the company is Ambar Sur, while the founders are Ani Sane and Ram Sundaram.TerraPay provides an extensive suite of global payment solutions designed to facilitate cross-border transactions and streamline local payouts. The core offerings include connections to over 3.7 billion digital wallets, enabling mobile wallet acceptance at merchant points of sale (PoS) and facilitating cross-border payments in local currencies. TerraPay's global account infrastructure allows businesses to seamlessly deposit funds and manage payouts in multiple currencies, while also offering the capability to issue multi-currency cards and process real-time payments to various suppliers, including those that do not accept cards. With operations approved in 31 markets, TerraPay serves a diverse clientele, including businesses across various sectors in regions such as Africa and Southeast Asia, effectively addressing local payout needs for merchants and financial institutions.In the fiscal year 2023, TerraPay generated revenue amounting to USD 73.18 mn, with an EBITDA of USD 10.86 mn. Revenue is primarily derived from its comprehensive payment solutions, charging clients for transaction services that include instant payouts and multi-currency card issuance. The company operates under a transaction-based revenue model, facilitating B2B transactions and providing seamless integrations for clients, encompassing both large enterprises and smaller businesses.In July 2024, TerraPay Holdings Limited raised USD 30 mn in venture debt funding, which will be utilized to expand its business by collaborating with more international money transfer companies and handling a higher volume of payments throughout Africa. The company plans to expand its payout network across Latin America and the Middle East and North Africa, and to support broader adoption of mobile wallet payment methods.

## Funding rounds

- Series B, Apr 4, 2023 — Partech Partners, Prime Ventures, U.S. International Development Finance Corporation, Visa, [DUP] International Finance Corporation

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B
- Prime Ventures — Series B
- U.S. International Development Finance Corporation — Series B
- Visa — Series B
- [DUP] International Finance Corporation — Series B