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SUNRATE Secures Payment Business Licence In China
SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025.
“This acquisition represents a strategic step in SUNRATE’s ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships,” said Paul Meng, co-founder at SUNRATE.
With the addition of this licence, SUNRATE gains greater access to one of the world’s most important and dynamic markets. This further complements SUNRATE’s regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due course.
Companies In This Post
- Street Wallet Secures $350K to Bring Cashless Payments to South Africa’s Informal Economy Read more
- Network International Expands Portfolio With Absa Bank Read more
- RainSure Breaks New Ground: Insurance That Pays Out Starting at .01 Inches of Rain Read more
- Growfin Partners with Zuora to Transform Accounts Receivable for the Enterprise Read more
- Q2 Announces Dual Listing on NYSE Texas Read more
Street Wallet Secures $350K to Bring Cashless Payments to South Africa’s Informal Economy
Street Wallet, a South African fintech empowering informal traders and service providers with accessible, low-cost digital payment solutions, has successfully raised US$350,000 (R6.2 million) in a funding round that values the business at US$2 million (R35.5 million). The fresh capital will be leveraged to deepen market penetration, fuel higher sales growth, and expand the company’s footprint across South Africa.
Network International Expands Portfolio With Absa Bank
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Street Wallet Secures $350K to Bring Cashless Payments to South Africa’s Informal Economy
Street Wallet, a South African fintech empowering informal traders and service providers with accessible, low-cost digital payment solutions, has successfully raised US$350,000 (R6.2 million) in a funding round that values the business at US$2 million (R35.5 million). The fresh capital will be leveraged to deepen market penetration, fuel higher sales growth, and expand the company’s footprint across South Africa.
Network International Expands Portfolio With Absa Bank
Network International has been chosen by Absa Business Banking as its digital payments technology partner
RainSure Breaks New Ground: Insurance That Pays Out Starting at .01 Inches of Rain
Vortex Weather Insurance is pleased to introduce RainSure, the latest addition to their parametric rain insurance products
Growfin Partners with Zuora to Transform Accounts Receivable for the Enterprise
Growfin announced a partnership with Zuora to help enterprise companies enable the power of AI to transform quote-to-cash operations
Q2 Announces Dual Listing on NYSE Texas
Q2 announced the dual listing of its common stock on NYSE Texas, based in Dallas, Texas
Block Unveils Proto Rig and Proto Fleet, Marking a New Era in Bitcoin Mining
Block unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet
DataHaven Software Selected for 2025 InsurTechNY Match Program
DataHaven today announced its selection to join the 2025 InsurTech NY Match Program