Singapore-headquartered Sunrate remains one of the leading B2B-focused cross-border payments and treasury management companies in Asia. We sat down with Sunrate CEO Paul Meng at Money20/20 USA in Las Vegas to find out more about the company’s recent developments and plans for the future.
Founded in 2016, Sunrate enables companies to operate and scale across over 190 countries and regions with its payment infrastructure, solutions and global network. According to Sunrate, its annual recurring revenue now exceeds $300m and the company continues to expand rapidly, having secured a payment business licence in China through its acquisition of Transfar Pay in August 2025 – which it officially renamed Sunrate Pay earlier this year.
It also secured a Money Services Business licence from Malaysia’s central bank in April 2026, enabling it to offer money remittance services in Malaysia. These bolstered Sunrate’s existing licence portfolio, which includes Singapore, Hong Kong, Indonesia and the UK.
Sunrate has also developed a range of AI-native solutions in the last two years, culminating in the official launch of Sunrate.AI, an ecosystem of AI-native payment infrastructure comprising five di...