London-based payments platform APEXX Global has raised an $8 million Series A from new and existing investors, including Forward Partners, MMC and Alliance Ventures, who all participated in the startup’s $4 million seed round back in 2017.
APEXX has created a ‘one-stop solution’ for customer-facing businesses, who use the API to link acquirers, payment gateways, shopping carts, and alternative payment methods in a simple transaction process that’s designed for higher sales conversion. The goal is “increasing efficiency and reducing costs” for merchants, according to Peter Keenan, the fintech company’s co-founder and CEO.
The new investment will go to developing the software’s ‘next-generation payment-routing capability’, improving the customer experience on the platform, and growing the team, which currently counts 65 members working in London and the cities of Pune and Ahmedabad in India.
Photo: Co-founder and CEO Peter Keenan