The founders of KPay, Davis Chan and his team, found success by thinking beyond the immediate challenges their customers faced. Before launching KPay, they were already helping small and medium-sized merchants in Asia optimize revenue and traffic. However, they soon realized a deeper issue: their customers struggled with inefficient financial and payment management.
“Traditional financial solutions for SMBs don’t match the need for agility, integration, and data-driven decisions,” Chan explained. “This fragmented approach increases costs, creates inefficiencies, and leaves businesses without actionable insights.”
This realization inspired them to create KPay, a comprehensive financial management platform designed specifically for merchants and SMBs. TechMarge reports that, since their inception three years ago, KPay has grown significantly. The platform now serves 45,000 merchants across Hong Kong, Singapore, and Japan and has established partnerships with over 150 SaaS providers, banks, and financial service firms. The company aims to expand its reach and build more partnerships to assist businesses throughout Asia.
“We’re focused on developing payment technologies that are flexible, fast, and secure,” Chan noted. “Our platform supports all major payment methods, payroll, bill settlement, and both local and international remittances—all under one system.”
This approach has captured the attention of investors. London-based investment firm Apis Partners recently led KPay’s $55 million Series A funding round. According to Christopher Yu, KPay’s CFO, the funds will be used to enhance product development, accelerate market entry, improve customer experiences, and support growth through strategic mergers and acquisitions. The company is also exploring the integration of AI to enhance merchant experiences, streamline operations, and boost revenue.
While Yu did not share specific financial figures, he noted that KPay has achieved a remarkable compound annual growth rate of 166% since its launch.
Looking ahead, the company is ambitious. “Our vision is to empower 1 million merchants within the next five years, creating a digital economy where local businesses compete on equal footing with major brands,” Chan stated.
KPay currently employs 440 staff across its Hong Kong and Singapore offices, positioning itself as a key player in transforming the financial landscape for SMBs in Asia.
