Digital 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.
Through a partner-agnostic, transparent and integrated ‘one-stop solution’ for merchants, APEXX seeks to help consumer-facing businesses increase transaction efficiency, helping to reduce costs and boost sales conversion rates.
Peter Keenan, Co-founder and CEO at APEXX Global, stated: “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.”
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, a public body that supports innovation and research, which will allow it to significantly enhance its next-generation payment-routing capability. This will work to further reduce the complexity of e-payments, increasing conversion rates and ultimately reducing costs.
Further helping the business to continue to provide effective payment solutions and to accelerate innovation, as it partners with various payment providers to serve the needs of merchants globally.
