I-Remit Approves P20 Million Capital Infusion Into Surepay Technologies

I-Remit's board approved a binding term sheet for a P20 million capital infusion into Surepay Technologies, a payments infrastructure provider. The investment is structured as a strategic equity deal in the remittance and payments technology space. Surepay's platform complements I-Remit's existing remittance network in the Philippines.

The binding term sheet advances the transaction beyond preliminary discussions, though final closing has not yet occurred. The P20 million infusion will support Surepay in scaling its platform. I-Remit, a Philippine remittance firm, gains a direct stake in its technology partner through the deal.