Singapore-based Qashier, a unified merchant operating system, has closed a USD 6.125 million Series A+ round combining equity and debt to expand across Southeast Asia. The raise follows a year in which the company crossed USD 1 billion in annualised payment volume, turned profitable every month since December 2025, and grew annualised recurring revenue by 61 percent.
Key Facts At A Glance
- Round size: USD 6.125 million, structured as a mix of equity and debt
- Round type: Series A+
- Lead investors: Cocoon Capital, IFP Securities and BlackSoil Global, with participation from strategic angel investors
- Annualised payment volume: USD 1 billion, processed for more than 20,000 merchants
- Markets served: Singapore, Malaysia, Thailand and the Philippines
- Profitability: profitable every month since December 2025
- Revenue growth: annualised recurring revenue up 61 percent year over year
- Total capital raised to date: under USD 20 million
Qashier, which describes itself as a unified operating system for Southeast Asian small and medium-sized enterprises, said the fresh capital will support regional expansion and continued product development. The company’s platform combines payments, business management software, customer relationship tools and embedded finance into more than 50 connected modules, covering functions such as ordering, stock tracking, loyalty programmes and automated marketing, alongside support for more than 20 local payment methods including card schemes, QR codes, e-wallets and buy-now-pay-later options.
Profitability Milestone Underpins The Raise
The financing arrives after what the company characterised as a year of disciplined operating progress. Qashier now processes USD 1 billion in annualised payment volume on behalf of more than 20,000 merchants spread across Singapore, Malaysia, Thailand and the Philippines, and has remained profitable every month since December 2025. Annualised recurring revenue rose 61 percent over the past year, and the company secured a Major Payment Institution licence in Singapore in February 2025. Qashier has reached this stage having raised under USD 20 million in total funding, a level of capital efficiency that distinguishes it from many regional payments peers at a similar scale.
Qashier controls its payments infrastructure end to end, from know-your-customer checks and processing through to payouts and cross-border settlement, which the company says allows for a more integrated merchant experience and sharper pricing. That proprietary transaction data also underpins QashierLoans, the firm’s revenue-based lending product launched in June 2025. Loans are underwritten using data gathered exclusively from the platform and are repaid automatically from a merchant’s daily sales; since launch, QashierLoans has disbursed more than USD 10 million to upwards of 100 small and medium-sized enterprises.
Expansion Plans And Investor Backing
Qashier intends to use the new capital to build out omnichannel payment capabilities, widen its embedded finance offering, and introduce AI-driven insights and workflow automation tools. The company also plans to deepen support for larger, multi-outlet merchants, particularly in food and beverage and beauty and wellness, where demand for unified reporting and consistent cross-location service is growing.
Qashier Co-Founder and CEO Christopher Choo said the company is building profitable operating infrastructure for the region’s SME economy. Cocoon Capital, which has backed the company since its early stages, said Qashier’s founders have shown resilience in scaling the business. Qashier is now reportedly preparing for a Series B round tied to further milestones in recurring revenue, payment licensing and loan disbursements.