Apexx Global, a London, UK and Pune, India-based global payments platform, raised $8m in Series A funding.
The round, which brought total funding raised to date to $12m, was led by Forward Partners, MMC and Alliance Ventures.
The company has also been awarded a grant from Innovate UK, a public body that supports innovation and research.
The funds will allow Apexx to enhance its payment-routing capability, and to facilitate the recruitment of key hires for the operational team, bolstering the 65-strong workforce already in place across London’s Silicon Roundabout and the cities of Pune and Ahmedabad in India.
Founded in 2016 and Peter Keenan, CEO, Apexx Global is a global payments platform that combines acquirers, gateways, shopping carts and Alternative Payments Methods into a single marketplace and one-stop solution for Enterprise/Tier 1 merchants to manage the authorisation, processing and optimisation of transactions.