Apexx Global bags $25m in Series B funding round
Payments orchestration platform Apexx Global has secured $25 million in a Series B funding round.
MMC Ventures, which has backed the company since 2017, took part in the round, along with new and existing investors including Alliance Ventures and Forward Partners. Alan Morgan, chairman and co-founder of MMC Ventures, will also join Apexx’s board.
Founded in 2016 with offices in the UK, US and India, Apexx provides a payments platform that combines acquirers, gateways, shopping carts and alternative payment methods into a single API connection. The company says its platform helps consumer-facing businesses increase transaction efficiency, boost sales conversion rates and reduce costs.
The latest round brings Apexx’s total funding since its inception to $37 million.
With the new funds, Apexx plans to boost its expansion across North America and further develop its products and technology.
Peter Keenan, CEO and co-founder of Apexx Global, says the company has seen “strong growth across international markets delivering significant cost savings and transaction conversion benefits”, adding the new funds will allow the firm to “further consolidate our position” and introduce more payment methods to global businesses.