SUNRATE
Founded Year
2016Stage
Series D - II | AliveMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
About SUNRATE
SUNRATE offers a global payment and treasury management platform that operates in the financial services industry. The company offers solutions for international payments, commercial card issuance, and treasury management, designed to facilitate cross-border transactions and manage financial risks. SUNRATE primarily serves businesses engaged in B2B trade, e-commerce, and online travel. It was founded in 2016 and is based in Singapore.
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SUNRATE's Product Videos
SUNRATE's Products & Differentiators
International payments (send)
Make payments to 190+ countries, near instantaneously
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Research containing SUNRATE
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned SUNRATE in 2 CB Insights research briefs, most recently on Dec 14, 2023.
Dec 14, 2023
Cross-border payments market map
Expert Collections containing SUNRATE
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SUNRATE is included in 3 Expert Collections, including SMB Fintech.
SMB Fintech
1,648 items
Payments
3,082 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,559 items
Excludes US-based companies
Latest SUNRATE News
Jan 13, 2025
Share SUNRATE , the global payment and treasury management platform, has introduced new treasury solutions, trading and hedging for businesses worldwide. These solutions are launched through Sunrate Markets Pte. Ltd., which holds a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). Joshua Bao, co-founder of SUNRATE, said, “Being awarded the CMS license by MAS was an important milestone, but it was even more critical for us to go to market (GTM) with products and services that deliver significant value to our customers. With our vast experience in global payments and foreign exchange (FX) and the numerous product iterations based on customer feedback, we are confident that our customers will be able to leverage our unparalleled global presence, accessing all their trading and hedging needs in one place.” In addition to the CMS license, SUNRATE is one of the few companies in Singapore that also holds a MAS license as a Major Payment Institution (MPI) for Account Issuance Service, Domestic Money Transfer Service, Cross-border Money Transfer Service, Merchant Acquisition Service, and E-money Issuance Service. Its dual-license status attests to its substantial compliance and governance framework, credentials, and competencies, as well as know-how, while enhancing its capabilities in the area of global B2B payments and Treasury management. Yumi Zhang, Head of Global Markets at SUNRATE, said, “With geopolitical risks set to affect the world economy and global businesses more than ever, it is imperative that we work even closer with our customers to apply various strategies to hedge and protect against any market volatility, especially in emerging markets. In addition to the fast, secure, and cost-effective global B2B payment products and services that we offer, businesses, particularly those engaged in B2B trade, will appreciate the insights and stability that we can bring to them with our new offerings.” Previous Article
SUNRATE Frequently Asked Questions (FAQ)
When was SUNRATE founded?
SUNRATE was founded in 2016.
Where is SUNRATE's headquarters?
SUNRATE's headquarters is located at 8 Marina View, Singapore.
What is SUNRATE's latest funding round?
SUNRATE's latest funding round is Series D - II.
Who are the investors of SUNRATE?
Investors of SUNRATE include SBVA, Prosperity7 Ventures, Peak XV Partners, K2VC, China Growth Capital and 8 more.
Who are SUNRATE's competitors?
Competitors of SUNRATE include Partior, Nium, Airwallex, Tint Financial Services, Thunes and 7 more.
What products does SUNRATE offer?
SUNRATE's products include International payments (send) and 3 more.
Who are SUNRATE's customers?
Customers of SUNRATE include Whisky Cask Club.
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Compare SUNRATE to Competitors
Airwallex develops a global financial platform that focuses on providing business payment solutions within the financial technology domain. The company offers an array of services including global business accounts for managing finances, international transfers, multi-currency corporate cards, and online payment processing capabilities. It primarily serves the payment industry. The company was founded in 2015 and is based in Melbourne, Australia.
Nium specializes in modern money movement within the financial technology sector. Its main offerings include a platform for cross-border payments, card issuance services, and banking-as-a-service solutions, designed to facilitate global financial transactions for businesses. Nium primarily serves financial institutions, travel companies, payroll providers, spend management platforms, and global marketplaces. Nium was formerly known as InstaReM. It was founded in 2014 and is based in Singapore.
TerraPay operates as a cross-border payment network. The company simplifies the movement of money worldwide by providing direct access to global markets through a single connection. Its services primarily cater to partners seeking global financial inclusion. It was founded in 2014 and is based in London, United Kingdom.
CashQ is a company that provides embedded remittance solutions for the fintech and non-fintech sectors. It offers an API that delivers Remittance-as-a-Service and Compliance-as-Service, enabling businesses to integrate and access various banking and financial services for money transfers. The company's services cover multiple financial entities including traditional banks, challenger banks, e-wallets, and mobile money providers. It was founded in 2019 and is based in Miami, Florida.
Verto operates as a business-to-business (B2B) cross-border payments platform. It provides financial technology and services for businesses. The company offers products including multi-currency business accounts, global expense management, foreign exchange (FX) and treasury management, and invoice payment processing, which facilitate international transactions and financial operations. Verto serves startups, mid-size companies, and enterprises across various sectors that require cross-border payment solutions and currency management. It was founded in 2017 and is based in London, United Kingdom.
Rapyd is a fintech company. It specializes in global payment processing and financial technology solutions. The company offers a platform for businesses to accept payments online, send payouts, and manage multi-currency accounts, with a focus on simplifying financial transactions across borders. Rapyd's services cater to various sectors, including eCommerce, marketplaces, and the gig economy. Rapyd was formerly known as CashDash. It was founded in 2016 and is based in London, United Kingdom.
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