Enterprise-level payment management platform KPay Group completes $55 million Series A financing, led by Apis Growth Markets Fund III and others.

According to Deep Tide TechFlow, on December 3, KPay Group, a payment management platform for small and medium-sized enterprises, announced the completion of its first round of institutional financing of $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 sector so far in 2024. The new funds will be used for product development, accelerating go-to-market speed, improving customer experience, expanding into new Asian markets, and supporting strategic mergers and acquisitions.

It is reported that KPay currently serves 45,000 merchants in Hong Kong, Singapore, and Japan, and collaborates with more than 150 SaaS providers, banks, and financial services companies. The company has approximately 440 employees in Hong Kong and Singapore.