APEXX Global raises $25m Series B
APEXX Global has raised $25m from existing and new investors, closing its Series B round. MMC first backed Apexx in 2017 and is delighted to continue to support the business.
APEXX was born out of the idea to build a one-stop-shop for all merchant payment needs. Its partner-agnostic platform provides merchants with market access to the best performing payments services providers, in addition to automatic re-routing, routing flexibility and analytics that help merchants to maximise value.
APEXX helps leading businesses such as Ryanair, CarTrawler and Avon, to boost their payments capabilities by addressing systemic pain points, including complexity, lack of trust, slow speed, and inflexibility of solutions. Through APEXX Connect, which was launched since the Series A round, merchants can also access over 12 solution providers throughout the BNPL ecosystem through one API.
“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. ”Peter Keenan, Co-founder and CEO, APEXX Global
APEXX will use the new capital to expand into North America via its New York office. APEXX will also invest in its capabilities across the global payments ecosystem and reinforce its leading position as a payment orchestration platform and BNPL aggregator. This will allow the company to introduce more payment methods to businesses globally.
“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.”Alan Morgan, Chairman and Co-founder, MMC Ventures
For more information, see coverage by Tech.eu