Global payments platform APEXX Global has closed its Series A funding to drive the next stage of the company’s growth, taking the total investment raised from investors across Europe to $12m.
Founded in 2016, APEXX is a multi-award-winning global payments platform that combines acquirers, gateways, shopping carts and Alternative Payments Methods into a single API connection.
Providing a partner-agnostic, transparent and integrated ‘one-stop solution’ for merchants, APEXX helps consumer-facing businesses increase transaction efficiency, helping to reduce costs and boost sales conversion rates.
The funds were raised from new and existing investors in the U.K. and Scandinavia. Forward Partners, MMC and Alliance Ventures all increased their investments in APEXX after participating in the earlier seed round. APEXX has also been awarded a grant from Innovate UK which will allow it to significantly enhance its next-generation payment-routing capability.
Peter Keenan, Co-founder and CEO at APEXX Global, said: “I’m delighted to announce that we have successfully closed our Series A funding round, with the continued participation from Forward Partners, MMC and Alliance Ventures alongside a new investor. This is a challenging time for many businesses, and it is fantastic to have continued validation of our
mission to revolutionise the global payments industry for merchants.
“We’ve seen significant growth over recent years and have had great success in increasing efficiency and reducing costs. It’s an exciting time for APEXX and I look forward to driving innovation and growth as we become the new standard in global payments.”