APEXX Global has completed a Series A fundraiser, bringing in $8 million from existing and new U.K. and Scandinavian investors to expand its payments platform.
London-based APEXX Global brings its total capital raised to-date to $12 million. Existing investors Forward Partners, Alliance Venture and MMC all increased their investments from a prior seed funding round. New to the APEXX investor pool is a grant from
"I’m delighted to announce that we have successfully closed our Series A funding round, with the continued participation from Forward Partners, MMC and Alliance Ventures alongside a new investor,” said Peter Keenan, co-founder and CEO at APEXX Global, in a press release. “This is a challenging time for many businesses, and it is fantastic to have continued validation of our mission to revolutionize the global payments industry for merchants. We’ve seen significant growth over recent years and have had great success in increasing efficiency and reducing costs.”
While the actual savings by merchant will vary, and documentation from APEXX is unavailable to confirm its claims, the company’s continued ability to raise money makes it clear that its platform is resonating well in the market. APEXX has also been able to attract top tier payment executives to its team, such as Toreson Lloyd from
Forward Partners is an investor that is also backing British P2P Lender
Oslo, Norway-based Alliance Venture, which also participated in the fundraiser, is heavily focused on data mining and analytics. One of its notable investments included Encap Security, which provides multi-factor authentication and e-signature solutions to the financial services industry, helping banks and payment firms to solve regulatory compliance issues for