TechFlow news — On December 3, KPay Group, a payment management platform targeting small and medium-sized enterprises, announced the completion of its first institutional funding round totaling $55 million, led by Apis Growth Markets Fund III and Apis Global Growth Fund III. This transaction marks the largest Series A financing in the global payments sector so far in 2024. The new capital will be used for product development, accelerating time-to-market, enhancing customer experience, expanding into new Asian markets, and supporting strategic acquisitions.
Currently, KPay serves 45,000 merchants across Hong Kong, Singapore, and Japan, and collaborates with over 150 SaaS providers, banks, and financial service companies. The company has approximately 440 employees based in Hong Kong and Singapore.
