Sunrate, a Singapore-based provider of an intelligent global payment and treasury management platform, raised an undisclosed amount in Series D-2 funding.
Backers included Sequoia Capital Southeast Asia (now known as Peak XV Partners), Prosperity7 Ventures and Softbank Ventures Asia.
The company intends to use the funds to accelerate its global expansion plans by driving development of its technologies, products and services, hire talent and explore additional strategic opportunities.
Led by Paul Meng, Sunrate provides global payment products and services for businesses worldwide, including international payments, global collection, commercial card issuance and treasury management. Businesses can make payments to more than 150 countries and transact in more than 100+ currencies. They also access global collection services available in over 30 currencies, collect funds in over 10 major global currencies (as if they were local payments), and settle card spends in more than 15 currencies. As The company also offers effective treasury management tools such as TreasuryOS and RiskOS, to enable businesses to manage and oversee their financial assets, liabilities, and liquidity.
With its global headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, Sunrate partners with the global financial institutions, such as Citibank, Standard Chartered, Barclays and is the principal member of both Mastercard and Visa.
FinSMEs
27/07/2023