Apis Partners led a $55m Series A round in Kpay.

Apis Growth Markets Fund III and Apis Global Growth Fund III, private equity funds, led a $55m Series A round in Kpay, a fintech company dedicated to empowering businesses of all sizes with simple, smart, seamless and secure technology solutions. “We are excited to use this funding to not only expand our existing markets’ SME merchant base, but also broaden our reach into new merchant industry categories, merchants of all sizes, and merchants operating in other underserved markets across Asia. This will bring us closer to our ambitious goal of supporting one million merchants over the next five years,” Davis Chan, KPay co-founder and CEO.