Hong Kong-based PayTech startup KPay Merchant Service Limited d/b/a KPay has received $10 million in a funding round. Founded in late 2020, KPay is a one-stop digital payment and business management solutions platform. The company supports small and medium-sized businesses and has signed up over 12,000 local merchants since its inception.
This capital injection will allow the company to further its product development and regional expansion. It plans to enter the Taiwan and Singapore markets later this year.
Commenting on the investment, Davis Chan, CEO and co-founder of KPay, said, “KPay officially launched operations in early 2021 and adheres to the mission of empowering MSMEs to drive growth and promote digital transformation. We have built three key businesses: payments with KPay, B2B ecosystem with KConnect, and MSME finance with KFund.”
“We are pleased to announce the successful closing of this $10 million funding round. With an experienced and professional team, the company will continue to optimize products and services, expand market coverage, and provide efficient and convenient integrated business solutions for MSMEs in various industries in Hong Kong and other Asia-Pacific markets.”
