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Hong Kong-founded KPay raises US$55 mil in series A to lead global funding rounds among payments start-ups

Nicole Lim
Nicole Lim • 2 min read
Hong Kong-founded KPay raises US$55 mil in series A to lead global funding rounds among payments start-ups
The fintech platform which has presence in Singapore and Japan, will use this funding round to fund its “aggressive expansion plans” across Asia. Photo: KPay
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Singapore-Hong Kong dual headquartered fintech KPay has raised US$55 million ($74.03 million) in its series A funding round, led by Apis Growth Markets Fund III and Apis Global Growth Fund III.

This funding round is one of the largest series A globally in the payments sector this year, based on data from Dealroom in November. 

KPay, which was just founded over three years ago in Hong Kong, now has a presence in Singapore and Japan. It facilitates the financial, operational and digital transformation for merchants of “all sizes”, and has partnerships with over 150 software-as-a-service companies, banking institutions and financial services. 

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