← Embedded Finance Index 2026

Terrapay

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“Can TerraPay become the definitive regulated global infrastructure layer connecting banks, wallets, and cards for real-time cross-border money movement at scale?”

Founded2014
HQLondon, England, United Kingdom
Total raised$236.5M
Latest roundSeries B, April 2023
IndustryInfrastructure / Payments

The story

TerraPay started as a mobile-first remittance infrastructure company, enabling anyone to send money to a mobile number instantly. Over time it evolved into a full-stack cross-border payments network—connecting bank accounts, mobile wallets, and cards across 200+ destinations under a single API. Its strategic pivot has been from simple mobile remittance rails toward becoming a global regulated payments infrastructure layer (the 'SWIFT for wallets'), evidenced by the launch of Xend for wallet interoperability, TerraPay Verify for real-time beneficiary validation, and its virtual card and acquiring-led remittance products targeting MTOs, banks, fintechs, and enterprises.

Last 12 months

2023-04

Closed Series B financing round raising in excess of $100M in equity and debt, led by IFC, with support from Prime Ventures, Partech Africa, and DFC.

Product timeline

2023

Closed Series B equity and debt financing round raising in excess of $100M, led by IFC, to expand into LATAM and MENA and grow payout network to 150 countries.· banking

Regulated entities

regulatory licence held by Terrapay

Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.

The stack

2 layers disclosed in Terrapay’s embedded-finance stack

Payments / PSP

TerraPay (self-operated)TerraPay Acquiring-led Remittance (self-operated)

FX & payouts

in the full report

Accounting gap: none

1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Terrapay — frequently asked

Who is Terrapay's payment processor?

Terrapay processes payments through TerraPay (self-operated) and TerraPay Acquiring-led Remittance (self-operated).

Who handles Terrapay's FX and cross-border payouts?

Terrapay uses TerraPay (self-operated) for FX and cross-border payouts.

What is Terrapay's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Terrapay's stack: Payments / PSP (TerraPay (self-operated) and TerraPay Acquiring-led Remittance (self-operated)); FX & payouts (TerraPay (self-operated)).

Where is Terrapay headquartered?

Terrapay is founded in 2014 and headquartered in London, England, United Kingdom.

How much funding has Terrapay raised?

Terrapay has raised $236.5M in total (latest round: Series B, April 2023).

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