Juniper Research announced the 2023 winners of the Future Digital Awards for Fintech & Payments. And TerraPay wins the Platinum award for the Best Cross-Border Payments Platform.
These awards follow a record-breaking number of applications from leading fintechs and payments companies, which have been extensively analysed by their expert judging panel.
This awards programme recognises the most impactful financial products and services operating across numerous areas, including Banking, Fraud & Security, and Retail & Payments.
Ambar Sur, Founder & CEO, TerraPay, commented on the win: “This is a proud moment for all of us at TerraPay. Winning this award for our innovative cross-border payments infrastructure and solutions platform serves as an inspiration, fuelling our mission to simplify the way people move money, globally. Over the years, we have been working hard to strengthen our payments network, forging the right partnerships and building a more connected ecosystem for borderless money movement. This award is a testament to our unshakeable commitment.”
TerraPay is a prominent global partner for major banks, money transfer operators, mobile wallet providers, and financial institutions, enabling seamless digital transactions across borders. Recently, TerraPay successfully concluded its Series B equity financing round, securing over $100 million in a combination of equity and debt funding. The funding round was spearheaded by IFC and received support from Prime Ventures, Partech Africa, Visa, as well as a consortium of other investors. The funding propels TerraPay’s global expansion initiatives, with a particular focus on the LATAM and MENA regions, aiming to expand their existing payout network to 150 countries by 2024. With the acquisition of two new regulatory approvals this year, TerraPay now stands as the sole payment provider regulated and licensed across 29 countries worldwide. The company’s primary markets encompass GCC, North, South, and Central Africa, Europe, and SE Asia, as well as Central, North, and South Americas
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