TerraPay

Financial Adviser

Van Lanschot Kempen Investment Banking acted as financial adviser to TerraPay in its $100m+ Series B funding round

Transaction highlights

TerraPay, a leading global B2B payments infrastructure company, has successfully closed its $100m+ Series B funding round by raising a combination of equity and debt financing
The funding round was led by IFC and supported by Prime Ventures, Partech, U.S. International Development Finance Corporation (DFC), and a consortium of other investors
The funding will boost TerraPay’s global expansion plans, especially across Latin America and MENA regions, strengthen its existing pay-out network to 150 countries by 2024, support and accelerate its growth, and invest in the marketing and adoption of alternate payment methods for mobile wallets, like Request-to-Pay – an interoperable mobile wallet solution, at a larger scale
Van Lanschot Kempen’s Tech & FinTech team acted as financial adviser to TerraPay in the Series B funding round
Previously, Van Lanschot Kempen’s Tech & FinTech team also acted as financial adviser to TerraPay in its sale to an international investor consortium, and subsequent Series A funding round

TerraPay is a leading global B2B payments infrastructure company
Its secure and compliant payments highway for both pay-ins and pay-outs enables real-time domestic and cross-border payments of small and large values. “The smallest payment deserves a borderless journey as safe as the largest”
By providing its partners with access to an extensive network of 7.5bn+ bank accounts, 2.1bn+ mobile wallets, across 108 receive countries and 205 send countries with 62 settlement currencies, TerraPay empowers global financial inclusion
TerraPay is trusted partner to a wide range of money transfer operators, mobile wallets, banks, merchants and other fintech companies, including renowned players like bKash, Moneygram, MTN, Network International, Sendwave, UBA, Visa, Western Union and Wise
The company is registered and regulated across 27 global markets
TerraPay is headquartered in the UK and backed by renowned investors including Visa, Prime Ventures, Partech, IFC and a broader international investor consortium