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 amounts.
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 in people and talents, enhancing products and services by staying customer-centric, as well as continuing its Pan-Asia strategy with more geographic expansion and localization.
Company: Sunrate Solutions Limited
Raised: undisclosed amount
Round: Series C
Funding Month: January 2022
Lead Investors: SoftBank Ventures Asia
Additional Investors: Banyan Pacific Capital (BPC), TDF Impact Investment, Redpoint China, JAFCO Asia, China Growth Capital, and K2VC
Company Website: https://www.sunrate.com/
Software Category: global payment and treasury solutions
About the Company: Founded in 2016, 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 a 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.