British payments infrastructure startup TerraPay raised $100M (€91.74M) in equity and debt funding through its Series B round led by IFC.
Incoming funds will be used to advance its payments infrastructure,
develop additional features, bolster its payment network to 150
countries by 2024, and fuel expansion across LATAM and MENA regions.
- Part
of the funds will also be deployed to boost the marketing of its
alternate payment method Request-to-Pay, a mobile wallet solution.
- Prime
Ventures, Partech Africa, U.S. International Development Finance
Corporation, and others participated in the funding round.
- Before the current round, TerraPay had raised $37.7M in equity and debt funding from investors.
