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SUNRATE

sunrate.com

Founded Year

2016

Stage

Series C | Alive

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+20 points in the past 30 days

About SUNRATE

SUNRATE is a FinTech company that focuses on providing digital payment solutions to under-serviced global SMEs across multiple industries, such as e-commerce, online, travel agencies, traditional B2Bs, and education platforms. SUNRATE was founded in 2016 and is based in Singapore.

Headquarters Location

120 Robinson Road Pudong

Singapore

+86 021-50762388

SUNRATE's Product Videos

ESPs containing SUNRATE

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

This market includes companies that enable SMBs to accept payments and send funds to other businesses internationally.

SUNRATE named as Challenger among 11 other companies, including NIUM, Rapyd, and Airwallex.

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SUNRATE's Products & Differentiators

    International Payments

    Business Account for multi-national E-Commerce sellers’ revenue consolidation

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.

S

SMB Fintech

1,647 items

P

Payments

2,571 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

3,332 items

Track and capture company information and workflow.

Latest SUNRATE News

SUNRATE strengthens global partnership with Mastercard Cross-Border Services integration

Jan 17, 2023

USA - English Share this article Share this article HONG KONG, Jan. 16, 2023 /PRNewswire/ -- Global FinTech SUNRATE announces the successful integration of Mastercard Cross-Border Services into its intelligent global payment and treasury management platform, boosting SUNRATE's global cross-border payment capabilities for its customers. The integration of Mastercard Cross-Border Services is the latest expansion of the continuing global partnership between the two companies. SUNRATE secured the Mastercard principal membership in 2020 which allowed the company direct access to Mastercard's leading global payments network and resources. Through a single, secure point of access, Mastercard Cross-Border Services allows businesses to send and receive money securely and with certainty. This means that SUNRATE customers are able to send money to five designated countries in Asia, including Thailand, Philippines, Malaysia, Vietnam and China. "We have a vision for SUNRATE to be the go-to B2B payment and treasury management platform, especially for emerging markets. As such, the flexibility brought about by Mastercard Cross-Border Services, such as the capability to make cross-border payments to the most popular and emerging markets worldwide is something that our customers are very excited about. Our collaboration with Mastercard will allow our customers to focus on what is more important in their scaling journey, such as localisation efforts and potentially establishing new revenue streams for their businesses," said Qincheng Wang, Head of Product, SUNRATE. Helena Chen, Managing Director, Hong Kong and Macau, Mastercard, said, "Mastercard is pleased to further its collaboration with SUNRATE via its Cross Border Services solution, enriching SUNRATE's remittance service in a faster, safer, more transparent and cost-effective way. Mastercard Cross Border Services reaches over 100 markets and 90 percent of the world's population and this partnership will continue to expand in hopes of enhancing the cross-border service for businesses." About SUNRATE SUNRATE is the intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, we are recognised as a leading solutions provider and have enabled companies in 130+ companies with our cutting-edge proprietary platform, extensive global network, and robust APIs to scale both local and global growth. With its global headquarters in Singapore and offices in China, Indonesia, Japan and UK, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and is the principal member of both Mastercard and Visa. We are licensed and regulated by the Financial Conduct Authority of the UK, the Bank Indonesia, the Hong Kong Customs as a Money Service Operator, and the Monetary Authority of Singapore as a Major Payment Institution. For media and partnership enquiries, please contact: Darren Thang

SUNRATE Frequently Asked Questions (FAQ)

  • When was SUNRATE founded?

    SUNRATE was founded in 2016.

  • What is SUNRATE's latest funding round?

    SUNRATE's latest funding round is Series C.

  • Who are the investors of SUNRATE?

    Investors of SUNRATE include China Growth Capital, K2VC, Redpoint Ventures China, JAFCO Asia, TDF Impact Investment Corp and 5 more.

  • Who are SUNRATE's competitors?

    Competitors of SUNRATE include M1xchange, Amnis, Airwallex, PayCargo, Bitex and 16 more.

  • What products does SUNRATE offer?

    SUNRATE's products include International Payments and 3 more.

Compare SUNRATE to Competitors

NIUM Logo
NIUM

NIUM is a cross-border payments company. It was founded in 2014 and is based in Singapore.

PayCargo Logo
PayCargo

PayCargo is a financial platform for moving money and vital remittance information between payers and vendors. PayCargo's online solutions allow users to move cargo quicker and reduce payment costs more than any other platform available. PayCargo was founded in 2005 and is based in Coral Gables, Florida.

Statrys Logo
Statrys

Statrys focuses on providing payment technology solutions including cross-border remittances and foreign exchange hedging to SME customers in order to solve the problem of difficulty opening an account in traditional banks.

F
Fenbeitong

Fenbeitong is a fintech company focused on enabling SMBs across expense management solutions. Fenbeitong provides pre-spend and post-spend management solutions of expenditure incurred in T&E, benefits and allowances, and procurement and bill pay, streamlining account payable process and helping expense management and optimization with better employee experience. Moreover, Fenbeitong also manages to enable challenger banks in small financing, deposit, and remittance business, more like Alipay B2B service.

V
Vala

Vala has developed a unique technology and understanding of global money transfer flows with a mission to enable financial businesses grow by facilitating seamless cross-border payments. Its fintech-as-a-service platform and core technology are deployed across three strategic pillars of money transfer: Remittance platform enabling remittance businesses to digitize, streamline, & scale; Payroll platform allowing businesses to pay overseas staff in their local currency; and e-Wallet platform for consumers & SMEs (also for domestic).

M1xchange Logo
M1xchange

M1xchange is a holder of the TReDS (Trade Receivables Discounting System) licenses issued by the Reserve Bank of India. The technology platform acts as an exchange to facilitate the financing of trade receivables of micro, small and medium enterprises from corporate buyers through factoring or invoice discounting by external financiers. It focuses on ensuring seamless liquidity flow between all stakeholders, providing bill discounting, and more. It was founded in 2002 and is based in Gurgaon, India.

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