TerraPay has raised $100m in equity and debt financing in its Series B round
IN BRIEF:
The funding round was led by IFC with support from Prime Ventures, Partech Africa and the US International Development Finance Corporation among others
The fresh capital will be used to continue plans for global expansion, particularly across the LATAM and MENA
TerraPay plans to extend its pay-out network to 150 countries by 2024
What does this mean?
“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,” TerraPay founder and CEO Ambar Sur said. “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.”
