APEXX Global raises $25m to expand North America presence and boost payment orchestration platform
APEXX Global, a global payments orchestration platform, has raised $25 million from existing and new investors, closing a Series B round. The funds will be used to develop its products and technology and to expand its presence in North America.
The company has raised $37 million in total, including $8 million in its Series A and seed funding.
APEXX, whose customers lnclude Ryanair, CarTrawler and Avon, raised the cash from investors across Europe, including MMC Ventures, who has backed the company since 2017, alongside Alliance Ventures and Forward Partners who increased their investments after participating in the previous round.
MMC Ventures’ Chairman and Co-Founder Alan Morgan will also take a seat on APEXX’s board.
Peter Keenan, Co-founder and CEO at APEXX Global, says: "I’m delighted to announce that we have successfully closed our Series B funding round. 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. We look forward to using these funds to further consolidate our position in driving the future of global payments.”
Alan Morgan, Chairman and Co-founder at MMC Ventures, says: “APEXX has achieved an inflection point, demonstrating its ability to win and expand large enterprise customer accounts, including CarTrawler, Ryanair, Avon Cosmetics and XE.Com.”
“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.”
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