KPay Secures Landmark USD55 Million Series A Investment Led by Apis Partners

KPay Group, a prominent financial management and business operations platform, has secured a landmark Series A funding round amounting to USD 55 million, marking it as the largest Series A in the payments sector globally for 2024. The investment was spearheaded by Apis Growth Markets Fund III and Apis Global Growth Fund III, both managed by Apis Partners LLP, a UK-based private equity firm with a focus on ESG and impact investments. This significant financial injection signals strong investor confidence in KPay's market leadership and ambitious growth plans, allowing the company to expand its operations across emerging Asian markets and support up to one million merchants over the next five years. Despite Asian fintech investments being at a low, KPay's funding success underscores its strategic potential and market execution. The funds will support organic growth, strategic mergers and acquisitions, and enhanced product innovation. Over its short operating period, KPay has achieved impressive financial performance with a 166% revenue CAGR, serving over 45,000 merchants currently and aiming to extend its reach with its open-architecture ecosystem.