APEXX Global a global payments platform that specialises in offering a payment orchestration layer, has raised $25 million, closing its Series B funding round. Funds will aid further expansion in North America and product development.
Investors in the round include MMC Ventures, which has backed the company since 2017 - Chairman and Co-founder Alan Morgan will also take a seat on the board. Alliance Ventures and Forward Partners are also involved in the round having participated in the last shout.
“We’ve seen good momentum in terms of customer growth, and we are delighted to continue to back Peter and his talented team as they work with merchants to rethink payments and save money,” said Alan Morgan, Chairman and Co-founder of MMC Ventures.
APEXX’s platform combines acquirers, gateways, shopping carts, and alternative payment methods into a single API. It provides merchants with market access to the best-performing payments services providers.
APEXX counts Ryanair, CarTrawler, and Avon amongst its customers.
“Since day one we’ve been laser focused on our mission to build the world’s leading payment orchestration platform and deliver clear benefits to merchants. We‘ve seen strong growth across international markets, delivering significant cost savings and transaction conversion benefits. We look forward to using these funds to further consolidate our position in driving the future of global payments,” said Peter Keenan, Co-founder and CEO of APEXX Global.