Sunrate, a Shangai, China-based fintech company, which offers global payment and treasury solutions for business clients, closed a Series C financing round of undisclosed amount.
The round was led by SoftBank Ventures Asia, joined by new investors Banyan Pacific Capital (BPC), TDF Impact Investment, and previous investors Redpoint China, JAFCO Asia, China Growth Capital, and K2VC.
The company intends to use the funds to further speed-up growth by investing into people and talents, enhancing products and services by staying customer centric, as well as continue its Pan-Asia strategy with more geographic expansion and localization.
Sunrate provides global payment and treasury solutions, including gateway of multiple payment methods and foreign exchange risk management SaaS platforms. The company empowers business clients in their global business development, by co-operating with large clearing banks, commercial banks, and card schemes.
The company has presence in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, supporting clients with international business in 130+ countries. It is a strategic partner with top banks like Citibank, Standard Chartered Bank, and the principal member of Mastercard and Visa.