London-based TerraPay, a global payments infrastructure company, announced on Tuesday that it has secured $100M (approximately €91.74M) in a Series B equity and debt round of funding.
The company claims to have been successful, and it is now prepared to advance its payments infrastructure and features, and offer customers around the globe more seamless cross-border payment options.
The round was led by IFC with participation from Prime Ventures, Partech Africa, US International Development Finance Corporation (DFC), and a consortium of other investors.
IFC says it has been one of TerraPay’s key investors since 2019. William Sonneborn, IFC’s Global Director of Disruptive Technologies and Funds, says, “Low-cost cross-border payments are critical to financial inclusion and global trade.”