Business Daily Media

The Times Real Estate

.

SUNRATE enters Vietnam, poised to accelerate growth across Emerging Asia

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 1 August 2024 - SUNRATE, an intelligent global payment and treasury management platform, backed by global investors such as Peak XV Partners, Prosperity7 Ventures and SBVA has announced its official launch in Vietnam, including the appointment of Li Tao as its Head of Growth.

This comes at a pivotal moment for SUNRATE, as the company continues to strengthen its global footprint, especially the Asia-Pacific region. Reporting to the co-founder, Joshua Bao, Li Tao will drive the company's efforts to spearhead growth initiatives and foster collaboration across business units to identify market opportunities in Emerging Asia.

Strategically partnering with local licensed and global financial institutions, SUNRATE chose to launch its platform in Vietnam due to the strong customer demand and the major challenges that fast-growing Small and Medium-sized Enterprises (SMEs) segment across different verticals face in its operations. SUNRATE offers cutting-edge global payment products and services, including international payments and global collection services, to facilitate cross-border B2B payments that are fast, secure, transparent, compliant with regulations, and cost-effective for Vietnam businesses.

Joshua Bao, co-founder of SUNRATE said, "As the leading global cross-border B2B payment platform in emerging markets, we have been making steady progress, and by strategically appointing a senior leader with extensive experience like Li Tao, we are charting our path forward to continue empowering businesses worldwide and scaling both globally and locally."

"Li Tao will also be instrumental in leading SUNRATE Vietnam's growth and setting up local operations is just the initial step in our plan for expansion across Emerging Asia. According to Vietnam General Statistics Office, Vietnam's import and export of goods in April 2024 reached a total of US$61.20 billion, an increase of 15 percent from the same period in 2023 and between January and April 2024 and the total trade in goods reached US$238.88 billion, increasing by 15.2 percent year-on-year, indicating that Vietnam is continuing to recover from 2023. I'm brimming with excitement and optimism for the incredible phase that lies ahead, and to welcome Li Tao to the team - he will be instrumental as we supercharge our operations in Vietnam and the Asian region."

Bolstering leadership and local team hires

Prior to SUNRATE, Li Tao was the lead launcher for Shopee's new markets, launching and growing Shopee's European and LATAM markets. He has also held multiple leadership roles in the Shopee Cross Border team spanning from Key Account Management to Logistics and Operations. His experience in Cross-Border E-commerce and trade will make him invaluable to SUNRATE and its customers. Li Tao has built a team of local business development managers to provide high-touch customer service for Vietnam businesses. Li Tao is a Masters graduate from both INSEAD and the University of Cambridge.

"I'm delighted to join SUNRATE as we continue our global growth momentum into Vietnam and the Asian region," Li Tao said. "Our technology-first approach, coupled with our business development teams, which provides the high-touch customer service are core to empowering businesses on their cross-border B2B payment needs, and Vietnam and the Asian region's economic development is centred on digital trade. Our powerful proprietary tech engine and global network is an effective combination as businesses look to scale their businesses across borders or are interested in improving their cross-border business payment capabilities. I could not be more excited to partner with the talented SUNRATE team and support new and existing customers as we expand our footprint in Asia."


Hashtag: #SUNRATE

The issuer is solely responsible for the content of this announcement.

About SUNRATE

SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa.

To learn more about SUNRATE, visit

News from Asia

PAObank Shared in World Internet Conference Asia-Pacific Summit in Hong Kong

Insights on the Potential of Commercial Data: A Path to Enhanced Financing Efficiency and Financial Inclusion HONG KONG SAR - Media OutReach Newswire - 15 April 2025 - ​The World Internet Conferen...

Consumer goods expo highlights China's growing allure for global brands

HAIKOU, CHINA - Media OutReach Newswire - 15 April 2025 - ​The fifth China International Consumer Products Expo (CICPE), held on the tropical island province of Hainan, has reaffirmed the country...

Recognising Purpose-Driven Excellence: ACES Awards 2025 Opens Nominations for the Philippines’ Most Visionary Leaders and Companies

MANILA, PHILIPPINES - Media OutReach Newswire - 16 April 2025 - In a region rich with ambition, the Philippines continues to lead with sustainability and purposeful leadership. The Asia Corporate ...

Hey! Chips Launches Singapore’s First Clean-Label Fruit Bites Snack

SINGAPORE - Media OutReach Newswire - 16 April 2025 - Singapore’s leading clean snack brand, Hey! Chips, is proud to introduce its latest innovation: Hey! Fruit Bites. A first-of-its-kind freeze-...

Sustainability progress to 2030 delivering value for Hongkong Land

Key achievements include: 33.3% reduction in Scope 1 and 2 carbon emissions against 2019 baseline, making good progress toward 2030 target...

Crayon’s Biennial Future of Operations Study Uncovers What is Driving SMB IT Spend in APAC

SYDNEY, AUSTRALIA - Media OutReach Newswire - 16 April 2025 - ​Crayon, a global leader in IT services and innovation, today announced the latest release of its biennial Future of Operations study ...

Shama Hub Metro South Hong Kong Unveils Characteristic Panda-Themed Rooms This Spring

HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - Shama Hub Metro South Hong Kong ("Shama Hub Metro South"), a contemporary urban retreat and distinguished member of the ONYX Hospitality...

Zero Fintech Group Limited (Stock Code: 0093.HK) Announces Record-Breaking 2024 Annual Results

HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - Zero Fintech Group Limited ("Zero Fintech" or the "Company", stock code: 0093.HK), a leading fintech innovator, is proud to announce its s...

All roles, all levels, all markets: General Assembly launches first-of-its-kind one-stop AI Academy to help companies close their AI skills gap

This is the first in Singapore to offer flexible AI courses geared towards all organisational roles – from business and operational teams to decision-makers – all in one place Unl...

Leong Yik Launches New Website & Enhanced Client Experience to Mark 7 Years in SG

SINGAPORE - Media OutReach Newswire - 16 April 2025 - Leong Yik Engineering & Contractor has launched a newly redesigned website to mark its 7th year of operations in Singapore. The new platfo...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Teleperformance (TP) Business Insights Report Reveals Key Shifts in Consumer Behaviour

TP’s Business Insights report  into consumer behaviors and preferences, taking in more than 57,000 respondents across 19 sectors, is shedding new li...

HubSpot launches platform-wide AI tools to help businesses close the adoption gap

HubSpot today unveiled more than 200 updates across its customer platform to help businesses grow better. The release introduces smarter tools, new AI...

Why Every Leader Needs a Personal Branding Strategy in 2025

One of the best investments you can make in 2025? Your Personal Brand.In today’s competitive and digitally driven business world, authenticity and...

Sell by LayBy