TerraPay logo — Global payment solutions for your local payout needs

TerraPay

Global payment solutions for your local payout needs

Founded 2014 United Kingdom London, United Kingdom 741 employees Acquired Total: $212.70M Financial Services, Fintech +1

General Information

Company Name TerraPay
Founded Year 2014
Location United Kingdom London, United Kingdom +1
Employees 741
Industries Financial Services, Fintech, Payments
Funding Stage Acquired
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About TerraPay

TerraPay, founded in 2014, is a dynamic player in the Financial Services and Fintech industry, delivering Payments solutions that cater to global and local needs. Operating under the slogan, "Global payment solutions for your local payout needs," the company has established itself as a pivotal entity in simplifying global money movement.

With a presence in over 158 countries, TerraPay offers access to an extensive network of 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, and 12Bn+ cards. The firm's commitment to a borderless financial world is reflected in its transparent, compliant, and reliable solutions, which cater to a wide array of partners including banks, digital wallets, MTOs, corporates, and fintech platforms.

Headquartered in the United Kingdom with offices in major cities like London, Dubai, Milan, Miami, and more, TerraPay recently secured a substantial $95.00M in Debt Financing on July 1, 2024 from renowned investors like the International Finance Corporation and British International Investment. This strategic investment underscores the confidence in TerraPay's innovative approach to advancing financial inclusion globally.

Taxonomy: Cross-Border Payments, Mobile Wallet Network, Financial Inclusion, Interoperable Platforms, Foreign Exchange Management, Transaction Processing, Payment Network Integration, Remittance Services, Digital Wallets, Mobile Money Movement, Fund Settlement, Seamless Money Transfers, Open API Integration, Merchant Payments

Services & Products

Global Workforce Payouts
Media Payouts
Payment Cards Issuance
Account-Based Payments
Instant Payouts

Target Customers

Banks Travel Companies Money Transfer Operators Digital Wallet Providers Merchants

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 2
Investor Investor
01 Jul 2024
Debt Financing •••••• 1
Investor
01 May 2023
Debt Financing •••••• 1
Investor
01 Feb 2021
Acquisition •••••• 3
Investor Investor
•••• ••••
01 Mar 2020
Series A •••••• 1
Investor
01 Jul 2019

TerraPay Alternatives & Competitors

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TerraPay vs

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TerraPay vs
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TerraPay vs
Nium
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The Leader in Real-Time Global Payments.

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FAQ About TerraPay

Global payment solutions for your local payout needs
TerraPay was founded in 2014.
TerraPay is headquartered in London, United Kingdom.
TerraPay operates in the following industries: Financial Services, Fintech, Payments.
TerraPay has approximately 741 employees.
TerraPay has completed 5 funding rounds, raising a total of $212.70M. The latest funding stage is Acquired.
TerraPay offers: Global Workforce Payouts, Media Payouts, Payment Cards Issuance, Account-Based Payments, Instant Payouts.
Top alternatives and competitors to TerraPay include Pipit Global, Thunes, Nium, Dandelion Payments, PAL. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
TerraPay and Pipit Global are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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