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KPay, a financial management platform for SMEs, raises $55M Series A
KPay recently secured $55 million in a Series A round led by London-based investment firm Apis Partners.
Davis Chan and his co-founders previously helped small and medium-sized merchants optimize their revenue and traffic in Asia, but they eventually noticed how inefficient managing payments and finances was for their customers. The company has seen decent traction in the three years since its inception: it now serves 45,000 merchants in Hong Kong, Singapore and Japan, and partners with more than 150 SaaS providers, banks, and financial service firms. “Looking ahead, our goal is to enable 1 million merchants within the next five years, creating an inclusive digital economy where neighborhood businesses have the same opportunities as major brands,” Chan said.
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