Finance & Economics

Apexx Global Scores $25 Million Series B

The investment management platform Apexx Global announced the receipt of additional financing in the amount of $25 million.

Apexx Global Scores $25 Million Series B

Source: Pixabay.com

The platform received new investments following the results of the Series B financing round. Existing and new investors of the company took part in this round.

Apexx has attracted funds from investors across Europe, including MMC Ventures, which has supported the firm since 2017, and Alliance Ventures and Forward Partners, which increased their investments after participating in the previous round.

Apexx was founded in 2015. The company combines acquirers, gateways, shopping carts, alternative payment methods, and BNPL products into a single API connection. The use of the firm’s solutions makes it possible to facilitate the efforts of sellers to provide a complete universal solution for consumer payments.

The company has more than 120 integrated partners and many corporate clients, including ASOS, eShop World, Ryanair, and XE.com.

Co-founder and CEO of the firm Peter Keenan said that the finances will be used to create new products and technologies. Also, part of these funds will be used to implement a plan to expand the company’s presence in the North American market.

Peter Keenan says that the firm is seeing significant growth in international markets. He is also confident that the new financing will allow the firm to strengthen its position in managing the future of global payments.

The company held a Series A financing round in early 2020. As a result of this round, the firm managed to attract investment funds in the amount of $10 million. The funds were used to develop innovative products.

The company sees its mission as meeting the status of a payment provider that is maximally focused on merchants. The firm’s employees are convinced that the payment industry is overloaded with outdated technologies and lacks innovation.

As we have reported earlier, Apexx Global to Offer Trustly’s Recurring Payments Method to Merchants.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.