TerraPay is a global cross-border payments infrastructure company that connects digital wallets, bank accounts, and cards through a secure, interoperable network, simplifying global money movement by providing a single connection to one of the most expansive cross-border payment networks regulated in 31 global markets. Founded in 2014 (some sources cite 2015) by Ambar Sur, Ram Sundaram, Aniruddha “Ani” Sane, and Akbar Hussain, TerraPay is headquartered in London, United Kingdom with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, and Singapore, operating as a privately held company with 501-1,000 employees in the financial services industry on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent, and fully compliant.
TerraPay enables payments to 144 receive countries and 210+ send countries, connecting to 7.5 billion bank accounts, 3.7+ billion mobile wallets, and 6 billion cards, with its AI-powered compliance solution offering automated onboarding and checks to ensure a 100% secure payment system while processing 97% of transactions in under 60 seconds with 24/7 support. The company’s core solution includes a cross-border payments platform with a suite of solutions enabling P2P (person-to-person), B2B (business-to-business), and B2P (business-to-person) payouts, virtual cards, card-to-account transactions, wallet payouts, acquiring, and the innovative Request-to-Pay service that ensures interoperability for wallets and serves 1.5 billion wallet holders in Africa for remittance services.
TerraPay partners with banks, money-transfer operators, wallets, and licensed global businesses to enable global money movement, supporting some of the largest remittance and cross-border payment providers in the market, and has recently begun providing services to banks servicing retail and small business customers. The company’s digital wallet infrastructure connects to 3.7+ billion digital wallets, boosting mobile wallet acceptance at merchant point-of-sale and enabling cross-border payments in local currencies, while its global account powers payments with seamless pay-ins and payouts in multiple currencies for businesses to deposit funds and issue payouts using various modes. Investors include the IFC (the World Bank), Prime Ventures, Partech Africa, and Visa, with BIO (Belgian Investment Company for Developing Countries) granting a USD 10 million loan in January 2025 (out of a USD 75 million syndication led by IFC) to support pre-funding for instant international remittance transfers, typically averaging USD 300 from migrant workers in developed countries to relatives in developing countries who instantly receive funds in bank accounts or mobile wallets.
More logos with similar colors