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Sunrate

Singapore, SG · Founded 2016 · 232 employees on LinkedIn · 4 known investors

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Sunrate provides global payments, collection, and treasury management services for businesses, supporting payments across 130+ currencies in 190+ countries and collection in 30+ currencies. It is a licensed and regulated financial services provider that uses interbank clearing and local networks to lower cross-border transaction costs.

Fintech

Founders & leadership

Sunrate was founded in 2016 by Joshua Bao and Paul Meng.

JB
Joshua BaoCo-FounderHe spent seven years at Citi, joining as a manager in 2008 and advancing to vice president and then senior vice president before leaving in 2015. He co-founded the company in 2016.
PMPaul Meng
Paul MengCo-Founder and CEO

Investors · 4

Prosperity7 Ventureslisted by Prosperity7 VenturesDhahran

How we know: fintech.global · Not right? Tell us

SBVAreportedSeoul · $1M – $2.5M

How we know: the VCSheet dataset · Not right? Tell us

Also in the syndicate · 1

Softbank Ventures Asia

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Sunrate clinches $56.1tn from Prosperity7 in series D-1 funding to bolster FinTech capabilitiesfintech.global · Jun 2023

Frequently asked questions

What does Sunrate do?
Sunrate provides global payments, collection, and treasury management services for businesses, supporting payments across 130+ currencies in 190+ countries and collection in 30+ currencies. It is a licensed and regulated financial services provider that uses interbank clearing and local networks to lower cross-border transaction costs.
Who founded Sunrate?
Sunrate was founded by Joshua Bao, Paul Meng in 2016.
Who are Sunrate's investors?
Sunrate's investors include Peak XV Partners, Prosperity7 Ventures, SBVA.
Where is Sunrate headquartered?
Sunrate is headquartered in Singapore, SG.