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2C2P

“Can a SEA payments aggregator become the regional rails for Ant Group's global cross-border ambitions?”

Founded2003
HQSingapore
FoundersAung Kyaw Moe
Total raised$10M+ (pre-acquisition)
Latest roundAcquired by Ant Group (2022)
ValuationUndisclosed
IndustryInfrastructure / Payments
The story

Founded 2003 in Bangkok as a payments platform for Southeast Asia's fragmented payment landscape. Built strength in alternative payment methods (123 channel, 600,000+ OTC locations) and cross-border payments across SEA. Acquired by Ant Group in 2022 to become the SEA arm of Alipay+'s global cross-border ambitions. Now rebranded 'by Antom', positioning as Ant's full-suite SEA payments and issuing platform serving merchants like Lazada, Thai Airways, and Lenovo.

Last 12 months
2025-08
2026-01
Product timeline
2003
Founded in Bangkok by Aung Kyaw Moe· pivot
2007
Moved headquarters to Singapore· pivot
2012
Launched 123 alternative payment method for non-card payments· banking
2015
Raised $7M Series C from Amun Capital and GMO Venture Partners· pivot
2022
Acquired by Ant Group; integrated with Alipay+ network· acquisition
2025
Partnered with Visa to expand Click to Pay across Asia Pacific· banking
2026
Rebranded as '2C2P by Antom'· pivot
Regulated entities
Major Payment Institution (MPI)
Singapore (MAS)
2C2P
The stack
Payments / PSP
2C2P Payment Gateway (self-operated)123 alternative payment channel (self-operated)
Card issuing
2C2P Issuing (self-operated)
Lending
Pine LabsBuy Now Pay Later (BNPL)Pay by instalmentsPine Labs Pay Later
FX & payouts
2C2P Payout & Remittance (self-operated)Alipay+ (Ant Group)
Accounting gap: significant