Founded in 2003, 2C2P offers a variety of payment solutions tailored to e-commerce merchants, regional airlines, global retailers, banks, and financial institutions. The company is based in Singapore and Bangkok and has built a significant merchant base and market share in Southeast Asia. 2C2P plans to use new funding to enhance its payments platform, hire local talent, and consolidate its position in the region. Management says the firm intends to expand outside Southeast Asia over the next year. Its past investors include Expara IDM Ventures, Digital Media Partners, and GMO Ventures. The company has now disclosed total funding of USD 70 million. 2C2P operates payment processing services and supports major schemes (American Express, China UnionPay, JCB, MasterCard, Visa) across nearly all Southeast Asian markets. The company builds solutions for local needs such as installment payments and is developing virtual and physical debit and prepaid cards to broaden access for unbanked consumers. It processed $2.2 billion in transactions in 2014, representing roughly a 400% annual increase. The business is registered in Singapore and run out of Bangkok, and had 89 staff with plans to grow headcount to 120 by the end of 2015. Management is focused on regional expansion and making senior hires around corporate governance and HR. 2C2P has indicated M&A could be considered after completing a future Series D, though there are no immediate acquisition plans.

Total raised

$59M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2019