Sunrate bags funding from SoftBank Ventures-led Series C

Shanghai-based FinTech Sunrate has raised an undisclosed amount from a Series C funding round led by SoftBank Ventures Asia.

The round also saw participation from Banyan Pacific Capital, TDF Impact Investment, Redpoint China, China Growth Capital, JAFCO Asia and K2VC.

Founded in 2016, Sunrate claims it is committed to offering intelligent global payment and treasury solutions for business clients around the globe.

In 2021, Sunrate saw its total payment volume and revenue both increase by over 2.5 times and has been profitable since 2020.

According to Sunrate, it will use the new funding to speed-up growth by investing into people and talents, enhancing products and services by staying customer-centric as well as continuing its pan-Asia strategy with more geographic expansion and localisation.

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