PAYMENT SOLUTIONS FIRM 2C2P RAISES $7 MILLION IN SERIES C

What does 2C2P do?

2C2P is prominent payment solutions start up in the Southeast Asian market. E-commerce has huge potential for growth in the markets of Southeast Asia. 2C2P has tapped this growth potential in the market to emerge as one of the leading provider of payment solutions to banks and financial institutions. The company provides payment solutions designed to the perfect needs of the e-commerce, retail markets, financial institutions and banks.2C2P provides easy, hassle free and secure payment solutions particularly to Asian markets but its presence has been on the increase in the world markets too.

How much 2C2P was funded?

Series C saw $7 million being infused into the firm on the 27^th April 2015 by investors Amun Capital and GMO Venture Partners Inc.

Previous funding:

There is a history of funding twice in series B and A.

Series B funding saw a sum of $2 million being pumped on the 28^th January 2014 by the venture capital firm GMO Venture Partners.

Earlier round of Series A funding saw a funding of $1 million pumped into the 2C2P firm by investors Digital Media Partners in 2011.

What is next for 2C2P?

There is a huge gap in the market for the providers of payment solutions especially for South Asia. 2C2P is making giant strides in the provision of these solutions and hence proving to be an excellent match to giant companies like PayPal. With the emergence of economies in Asia 2C2P is making its presence felt in almost every country in Southeast Asia except Brunei and Vietnam. The firm works in different countries working with a plethora of top companies like Visa, Master Card, and Union Pay of China diversifying its working into multimillion dollar business.

More about 2C2P:

Founded in 2003 in Singapore by then budding entrepreneur Aung Kyaw Moe the firm now operates from Thailand. With an employee base of around 70 it looks to expand.it has processed around $2.2 billion in transactions in Southeast Asia in the year 2014 alone and looks to only increase in the near future, which looks promising.