Odaily Planet Daily News: KPay Group, a payment management platform for small and medium-sized enterprises, announced the completion of its first round of institutional financing of US$55 million, led by Apis Growth Markets Fund III and Apis Global Growth Fund III. This transaction is also the largest Series A financing in the global payment field so far in 2024. The new funds will be used for product development, as well as to speed up listing, improve customer experience, expand into new Asian markets and support strategic mergers and acquisitions. It is reported that KPay currently serves 45,000 merchants in Hong Kong, Singapore and Japan, and cooperates with more than 150 SaaS providers, banks and financial services companies. The company has about 440 employees in Hong Kong and Singapore.