SUNRATE
SUNRATE is a Singapore-based global payment and treasury management platform founded in 2016, serving businesses across 190+ countries with 130+ currencies through international payments, commercial cards, global acquiring, and AI-native treasury infrastructure.
- Company typePrivate
- Founded2016
- HeadquartersSingapore, Singapore
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What SUNRATE does
SUNRATE is a Singapore-headquartered global payment and treasury management platform founded in 2016 that enables businesses to make and receive cross-border payments in 130+ currencies across 190+ countries and regions. Its core product suite spans International Payments, Commercial Cards (co-branded Mastercard), Global Collection, Global Acquiring (covering B2B, B2C and C2B flows across 100+ payment methods), and a Treasury Solutions line that includes Transactional FX, Trading and Hedging, TreasuryOS and RiskOS. The company targets four primary verticals — B2B Trade, Cross-Border E-Commerce, Travel Payment, and Platforms and Institutions — with customers ranging from Chinese SMB exporters and Southeast Asian e-commerce sellers to global travel platforms, online education providers and gaming marketplaces.
The platform is built on an AI-native infrastructure called Sunrate.AI, launched in June 2026, which comprises five specialized agents (Chat, Onboarding, Payment, Compliance and FX) supported by a four-layer AI architecture across eight core technological pillars, including a proprietary intelligent routing system for multi-rail payment orchestration. SUNRATE is a principal member of both Mastercard and Visa and maintains direct connections to global interbank clearing and local clearing networks, with banking relationships spanning Citibank, Standard Chartered, Barclays, J.P. Morgan, BBVA and Deutsche Bank. The company is licensed in China, Hong Kong, Singapore, Indonesia, Malaysia, the UK and the US, and the China footprint was secured through the August 2025 acquisition of Transfar Pay for RMB 315 million (US$43.8 million).
SUNRATE generates revenue primarily through transaction fees and FX spreads on cross-border payments, interchange on commercial card programs, transaction processing fees on global acquiring, and subscription/usage fees for treasury management tools. Its go-to-market is API-first (with self-service onboarding at pro.sunrate.com) combined with an enterprise field-sales motion, channel partnerships (e.g., TikTok Shop, Cdiscount, ManoMano, Askari Bank), and embedded integrations with travel technology platforms (Sabre, Juniper, Repayd). The company is venture-backed (Series C through D-2, 2022–2023), has been profitable since 2020, and has 501–1,000 employees across offices in Singapore, Shanghai, Kuala Lumpur, Jakarta, Hong Kong, London, Tokyo and beyond.
SUNRATE firmographics
Firmographics- Name
- SUNRATE
- Legal name
- Sunrate Pte. Ltd.
- Website
- https://sunrate.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SUNRATE is a Singapore-based global payment and treasury management platform founded in 2016, serving businesses across 190+ countries with 130+ currencies through international payments, commercial cards, global acquiring, and AI-native treasury infrastructure.
- Ownership category
- akta.pro rank
SUNRATE industry classification
Industry- Product category
- Cross-Border B2B Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)
- akta.pro secondary industries
- Corporate Cards & Spend Controls (FSAGAJAF), A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ)
Keywords
Where SUNRATE is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices10 records
Markets served
SUNRATE business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- International Payments & FX Spread: SUNRATE earns revenue through transaction fees on cross-border B2B payments and foreign exchange spreads. Businesses pay competitive FX rates with transparent fees; payments to 190+ countries in 130+ currencies are facilitated through intelligent routing. Revenue is driven by transaction volume across the global network.
- Commercial Cards: SUNRATE issues customizable multi-currency commercial cards (including co-branded Mastercard products) generating revenue from interchange fees and card program management. Cards support 15+ currencies and are used for business payments, supplier transactions, and expense management.
- Global Collection: Global collection services enable businesses to receive payments from suppliers and customers in local currency across 30+ currencies without high costs. Revenue is generated through transaction fees on collections and currency conversion spreads.
- Global Acquiring: Following an early 2026 acquisition of a payments team with acquiring systems and merchant book of business, SUNRATE now offers digital payment acceptance covering B2B, B2C, and C2B flows. Revenue comes from transaction processing fees and merchant service charges across 100+ payment methods.
- Treasury Management Solutions: FX trading, hedging strategies, and TreasuryOS services generate revenue through spreads on FX transactions, subscription or usage fees for treasury management tools, and risk management service fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | No tiered subscription plans publicly listed; pricing is transaction and FX-based |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
SUNRATE product offering
Product offeringCore offering
SUNRATE is a global payment and treasury management platform that enables businesses to make international payments to 190+ countries in 130+ currencies, receive global collections in 30+ local currencies, issue multi-currency commercial cards, accept digital payments via global acquiring (100+ payment methods), and manage multi-currency treasury operations with FX trading, hedging, and AI-driven risk control. The platform serves B2B trade, cross-border e-commerce, travel, and platforms/institutions through a unified self-serve and API-first infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Sunrate.AI: AI-native global payments infrastructure featuring specialized AI agents (Chat Agent, Onboarding Agent, Compliance Agent) to automate and optimize complex enterprise workflows across cross-border B2B payments.
- TreasuryOS
- RiskOS
- Aurora Program
Products and services
- International Payments Enables businesses to make cross-border B2B payments to over 190 countries in more than 130 currencies with intelligent routing, competitive FX rates, transparent fees, and real-time transaction tracking. Designed for businesses engaged in international trade and cross-border supplier payments.
- Commercial Cards Customisable multi-currency commercial cards (including co-branded Mastercard products) supporting 15+ currencies, with real-time card issuance via API or the SUNRATE platform. Used for business payments, supplier transactions, and expense management, generating revenue from interchange fees.
- Global Collection Enables businesses to receive payments from suppliers and customers in local currency across 30+ currencies without high costs, with fastest real-time or near-real-time account credit. Particularly focused on local currency collection in emerging markets including Southeast Asia, Latin America, Africa, and the Middle East.
- Global Acquiring A one-stop solution for digital B2B, B2C, and C2B payment acceptance covering payment acceptance, reconciliation and settlement, cross-border fund clearing, and localised payouts. Supports 100+ payment methods, 80+ transaction currencies, 10+ settlement currencies, and 20+ currency exchange services.
- Transactional FX Provides access to competitive FX pricing and execution services for businesses conducting multi-currency transactions. Part of SUNRATE's treasury solutions portfolio.
- Trading and Hedging Offers risk management tools, FX trading capabilities, and tailored hedging strategies to help businesses manage volatility in FX markets. Part of SUNRATE's treasury solutions portfolio.
- TreasuryOS A multi-currency treasury intelligence management system that helps SMEs digitize and standardise accounts receivable and accounts payable processes, accelerate financial workflow digitisation, and build online presence.
- RiskOS An AI-powered risk management tool for multi-dimensional transaction risk analysis, fraud detection, and compliance screening, with automated low-risk transaction approval capabilities.
- Open API Developer platform offering dynamic and intuitive APIs enabling businesses, platforms, and SaaS companies to integrate SUNRATE's global payment infrastructure – currency conversion, payment initiation, and accounts management – into their own systems and workflows.
- Sunrate.AI AI-native global payments infrastructure introducing 'Agentic Global Payments' as a new category, comprising five specialised AI agents (Chat Agent, Onboarding Agent, Payment Agent, Compliance Agent, FX Agent) operating across the full payment lifecycle, supported by a four-layer AI architecture built on eight core technological pillars. Designed to autonomously navigate complex enterprise B2B cross-border payment workflows.
- Zhihuiyi (智汇易) A product offering available on the Chinese-language site alongside international payments, commercial cards, global collection, global acquiring, and treasury management solutions, designed for the China market.
Quantifiable outcome
- Settlement speed up to same-day or T+0 (within 1 working day) for CNH/HKD payments with cutoff as late as 18:30 GMT+8
- +5 more outcomes
Companies that use SUNRATE
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
SUNRATE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
AI capability7 records
Feature7 records
SUNRATE partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, major and minor.
- SabrecoreSUNRATE and Sabre announced enhanced strategic collaboration at Phocuswright Europe (June 2026) to deliver comprehensive global payment capabilities for the travel industry. SUNRATE provides commercial card solutions, international payments, foreign exchange, and global collection services through Sabre's platform, extending beyond card issuance to non-issuance capabilities. Sabre promotes the collaboration through its global network of airlines, hotels, agencies, and travel partners.
- Repayd (duplicate — already listed, March 2026 date confirms same partnership)majorSUNRATE partnered with Repayd to provide simplified cross-border business payments and embedded finance solutions for corporate clients. The collaboration combines SUNRATE's infrastructure supporting over 130 currencies and 190 countries with Repayd's integration capabilities, enabling businesses to pay suppliers and contractors worldwide through a unified platform.
- RepaydmajorSUNRATE and Repayd, a specialist travel merchant account provider, announced a strategic partnership at ITB Berlin 2026 (world's largest travel trade show). The collaboration combines SUNRATE's global payment infrastructure with Repayd's travel payment expertise to provide enhanced international payments, commercial cards, and global collections for travel businesses across multiple currencies and jurisdictions. Aims to reduce cross-border payment friction and improve payout speed and FX management.
- Juniper Travel TechnologymajorSUNRATE announced a strategic alliance with Juniper Travel Technology, an international travel technology provider, at January 2026. The partnership integrates SUNRATE's cross-border payment and commercial card issuing capabilities into Juniper's travel technology ecosystem. Enables travel companies (tour operators, OTAs, wholesalers, DMCs, bed banks) to issue cards in 15+ currencies, collect payments in 30+ currencies, and optimize FX costs. Integration rolling out progressively to customers throughout 2026.
- FXC IntelligenceminorSUNRATE and FXC Intelligence jointly released a white paper on global B2B payments at the Singapore FinTech Festival 2025. The report forecasts the B2B cross-border payment market at $47.8 trillion by 2032 with 5.3% CAGR, and highlights how AI and blockchain technologies are reshaping enterprise payment experiences. The partnership positions SUNRATE as a thought leader in the B2B payments space.
- Transfar Pay (Transfar Group)coreSUNRATE acquired Transfar Pay from Transfar Group for RMB 315 million (US$43.8 million), with the transaction completing August 2025 following regulatory approval. The acquisition gave SUNRATE a payment business license in China. In March 2026, the entity was rebranded as Sunrate Pay Co., Ltd. following regulatory approval, deepening SUNRATE's local operations in China.
- Askari BankmajorAskari Bank and SUNRATE signed an agreement to enhance global payment and remittance services in Pakistan. The partnership leverages SUNRATE's global payment infrastructure and Askari Bank's remittance processing capabilities to deliver seamless cross-border payment options to Pakistani beneficiaries, supporting remittances that bolster foreign exchange reserves.
- Singapore Vietnam Chamber of Commerce (VietCham Singapore)minorSUNRATE announced a partnership with VietCham Singapore to help Vietnamese enterprises expand into the Singapore market. VietCham Singapore members can access SUNRATE's global payment network — payments to 190+ countries in 130+ currencies, 30+ currency collection services, and 10+ local currency collection options — to support their international business expansion.
- CitibankcoreSUNRATE partners with Citibank as part of its global banking network, enabling international payment clearing and settlement through Citibank's global infrastructure.
- Standard CharteredcoreSUNRATE partners with Standard Chartered for global payment clearing and settlement services, leveraging the bank's regional network across emerging markets.
- JPMorgancoreSUNRATE partners with JPMorgan for global payment infrastructure and clearing network access, supporting cross-border transaction processing.
- Mastercard and VisacoreSUNRATE is a principal member of both Mastercard and Visa, enabling the issuance of commercial cards and processing of card transactions across global payment networks.
- BBVA MexicomajorSUNRATE partnered with BBVA Mexico (Mexico's largest financial institution) to launch Mexico local collection accounts supporting Mexican Peso (MXN) original currency receipt, enabling trade businesses to seamlessly expand into the Mexican market through local payment collection.
Scale indicators8 records
Recent moves9 records
Expansion highlights7 records
SUNRATE competitors and assessment
Company assessmentDirect peers
- Airwallex: Global B2B cross-border payments and treasury platform operating in 100+ countries with multi-currency accounts, FX, commercial cards, and API-driven infrastructure. Closely comparable to SUNRATE in product breadth, target SMB and mid-market customer base, and global expansion strategy across Asia-Pacific, EMEA, and the Americas.
- Nium: Singapore-headquartered cross-border payments and card-issuance platform serving banks, fintechs, travel companies, and marketplaces across 190+ countries. Highly comparable to SUNRATE on geographic reach, travel vertical specialization, and licensed multi-jurisdiction operating model.
- dLocal: Cross-border payments processor focused on emerging markets (LatAm, Africa, Asia) enabling global merchants to collect and pay in local currencies. Comparable to SUNRATE on emerging-market local-currency collection focus and B2B/B2C payment orchestration.
- PingPong Payments: Cross-border B2B payment platform serving Chinese exporters and global marketplaces with multi-currency collection, supplier payments, and FX services. Direct overlap with SUNRATE's cross-border e-commerce and China trade customer base.
- LianLian Global (连连国际): China-based cross-border payment platform providing collection, payout, and FX services to Chinese exporters and global marketplaces. Direct competitor to SUNRATE in China-origin cross-border e-commerce and B2B trade flows.
Broad incumbents
- Wise (formerly TransferWise): Publicly listed cross-border payments platform with multi-currency accounts and low-cost FX for individuals and businesses. Comparable to SUNRATE on multi-currency payments and FX spread economics, but operates more broadly in consumer remittances alongside its B2B account product.
- WorldFirst (Ant Group): Cross-border B2B payment platform owned by Ant Group serving SMB exporters with multi-currency accounts and marketplace integrations. Comparable to SUNRATE's B2B trade and e-commerce segments, with the backing of a much larger incumbent owner.
- Payoneer: Publicly listed cross-border B2B payment platform offering multi-currency accounts, mass payouts, and working capital to SMBs, freelancers, and marketplaces. Comparable to SUNRATE on cross-border B2B collection, payout, and marketplace payment services for SMBs.
Emerging players
- Statrys: Hong Kong-headquartered multi-currency business account provider focused on Asian SMB cross-border trade and FX. Comparable to SUNRATE's B2B trade and treasury segments in the Asia-Pacific region, though narrower in product breadth and geographic coverage.
- Verto (formerly USDC): Cross-border B2B payments platform serving emerging-market businesses with multi-currency accounts and FX. Overlaps with SUNRATE's emerging-market B2B trade and FX offering, though smaller in scale and product breadth.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SUNRATE social profiles
Digital presenceSUNRATE financial estimates
Financial estimateRevenue estimate
Valuation estimate
SUNRATE leadership team
Management profileNumber of profiles
Profiles4 records
SUNRATE subsidiaries and ownership
Company hierarchySubsidiaries2 records
SUNRATE funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SUNRATE M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SUNRATE
What does SUNRATE do?
SUNRATE is a global payment and treasury management platform that enables businesses to make international payments to 190+ countries in 130+ currencies, receive global collections in 30+ local currencies, issue multi-currency commercial cards, accept digital payments via global acquiring (100+ payment methods), and manage multi-currency treasury operations with FX trading, hedging, and AI-driven risk control. The platform serves B2B trade, cross-border e-commerce, travel, and platforms/institutions through a unified self-serve and API-first infrastructure.
Is SUNRATE a public or private company?
SUNRATE is a private company. It is classified as venture growth investor backed and is currently operating.
When was SUNRATE founded?
SUNRATE was founded in 2016. It employs 501 to 1,000 people.
Where is SUNRATE based?
SUNRATE is headquartered in Singapore, Singapore, in the Asia region.
How does SUNRATE make money?
Five revenue lines are on record. International Payments & FX Spread is the primary driver. The others are commercial Cards, global Collection, global Acquiring and treasury Management Solutions.
Who are SUNRATE's main competitors?
Direct peers on record are Airwallex, Nium, dLocal, PingPong Payments and LianLian Global (连连国际). Broad incumbents are Wise (formerly TransferWise), WorldFirst (Ant Group) and Payoneer. Emerging players are Statrys and Verto (formerly USDC).
Does SUNRATE have an API?
Yes. SUNRATE offers an Open API that enables developers and businesses to integrate its global payment infrastructure into their own systems, supporting currencies conversion, payment initiation, and accounts management. The API is accessible via https://pro.sunrate.com/#/register and is described as dynamic and intuitive. Developer documentation is at pro.sunrate.com/#/register?language=en-US.
What industry is SUNRATE in?
SUNRATE's product category is Cross-Border B2B Payments. Its primary akta.pro industry code is THALAHAE, Cross-Border Payments & FX (multi-currency wallets, DCC, remittance), with a secondary code of FSAGAJAF, Corporate Cards & Spend Controls. Its NAICS code is 52232 and its SIC code is 6199.