Press Release

KPay Raises $55 Million Series A

December 6, 2024

Singapore – December 3, 2024 – Cooley advised KPay Group, a one-stop financial management and business operations platform, on the completion of its first institutional funding round at $55 million. The round, reportedly the largest Series A globally in the payments sector in 2024, was led by Apis Growth Markets Fund III and Apis Global Growth Fund III.

KPay serves more than 45,000 merchants across Hong Kong, Singapore and Japan, and the investment includes a commitment by KPay to expand its presence across other key Asia economies, including Indonesia, the Philippines, Malaysia and Thailand.

Lawyers Andrew Harline, Gwenlynne Lee and Lunga Su led the Cooley team advising KPay.

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