2C2P
“Can Ant International build Southeast Asia's dominant merchant-acquiring rail by integrating 2C2P into the Antom global payments stack?”
Founded2003
HQSingapore
FoundersAung Kyaw Moe
Total raised$48M-$70M (disclosed)
Latest roundAcquired by Ant International (Antom)
IndustryInfrastructure / Payments
The story
Founded 2003 in Bangkok as a payment gateway serving Southeast Asia, 2C2P built a full-suite payments platform spanning online, mobile and offline channels with 600,000+ alternative payment locations. Acquired by Ant International and folded into Antom, positioning 2C2P as the Southeast Asian merchant-acquiring arm of Ant's global merchant payments franchise. The company is now branded '2C2P by Antom' and functions as embedded payment infrastructure across APAC.
Product timeline
2003
Founded in Bangkok, Thailand by Aung Kyaw Moe as a payment gateway provider.· banking
2007
Moved headquarters to Singapore.· pivot
2012
Launched 123, a local-currency alternative payment channel for non-credit-card payment processing.· banking
2022
Acquired by Ant International, becoming part of Antom.· acquisition
2025
Partnered with Visa to expand Click to Pay across Asia Pacific.· banking
The stack
3 layers disclosed in 2C2P’s embedded-finance stack
Payments / PSP
2C2P (self-operated)
Card network
in the full report
FX & payouts
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.