Apexx Group raises $8m in Series A funding to boost payments platform
Payments firm Apexx Group has raised $8 million in Series A funding in a round featuring Forward Partners, MMC and Alliance Ventures.
Apexx provides a payments platform that combines acquirers, gateways, shopping carts and alternative payments methods into a single connection.
The firm claims that it provides a partner-agnostic, transparent and integrated “one-stop solution” for merchants for its application programming interface (API).
The latest round brings Apexx’s total funding since its 2016 founding to $12 million.
Apexx will used the capital to expand its digital platform and create “a seamless customer experience”. It will also use the new money to recruit key people into its operational team.
“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,” says Peter Keenan, co-founder and CEO of Apexx.
“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.”