Prime Ventures and Partech Partners are co-investing in TerraPay, along with IFC, a member of the World Bank Group. The investors not only entered the process of acquiring Comviva shares, but they also invested USD 9.6 million in TerraPay to fund the company’s expansion. TerraPay is a company incubated by Comviva in 2015, and it provides payment infrastructure services that help people transfer money safely and affordably. The company enables PSPs including banks, mobile money operators, money transfer operators or other payment providers to instantly connect to each other at a low cost.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.