KPay Raises $55M to Empower SMEs with All-in-One Financial Solutions
For startups, sometimes the biggest opportunities emerge not from solving immediate problems—but from recognizing unmet needs in adjacent spaces. That’s the story behind KPay, a Hong Kong-based financial management platform for SMEs that just secured $55 million in Series A funding led by London’s Apis Partners.
From Revenue Optimization to Financial Transformation
Co-founded by Davis Chan and his team, KPay was born when they observed a critical gap while helping Asian merchants optimize traffic and sales: outdated financial tools were holding businesses back.
“Traditional solutions lack the agility, integration, and data-driven insights modern SMEs need,” Chan explained. “This fragmentation leads to inefficiencies, higher costs, and missed growth opportunities.”
The KPay Advantage: Unified Financial Operations
Launched just three years ago, KPay has already:
- Onboarded 45,000+ merchants across Hong Kong, Singapore, and Japan
- Partnered with 150+ SaaS providers, banks, and financial institutions
- Achieved a 166% compound annual revenue growth rate since inception
The platform consolidates:
- Multi-channel payment processing
- Payroll management
- Local/global remittances
- Bill settlements
- Data analytics for smarter decision-making
Strategic Growth Plans Backed by $55M Investment
Christopher Yu, KPay’s CFO, outlined how the fresh capital will accelerate:
- Product innovation: Enhancing payment flexibility, speed, and security
- Market expansion: Entering new Asian territories
- AI integration: Boosting merchant experiences and operational efficiency
- Strategic M&A: Exploring acquisition opportunities
Vision for an Inclusive Digital Economy
With 440 employees across Hong Kong and Singapore, KPay aims to:
“Enable 1 million merchants within five years—leveling the playing field between neighborhood businesses and major brands,” Chan shared.
This funding round signals strong investor confidence in KPay’s mission to democratize financial tools for SMEs across Asia’s rapidly digitizing economies.
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