Singapore’s Qashier raises $6.1 M Series A+ to accelerate Southeast Asia expansion
Qashier, a Singapore-based unified merchant operating system for Southeast Asia, has raised $6.125 million in a Series A+ fundraising round that included both equity and debt.
Qashier announced on Tuesday that the fundraising was spearheaded by Singapore venture capital company Cocoon Capital, IFP Securities, and BlackSoil Global, with key angel investors also participating. According to the company, the funding will be used to promote regional expansion and product development.
Qashier intends to use the new capital to improve omnichannel payments, broaden embedded financial services, and increase AI-enabled insights and workflow automation, all while expanding its offering for larger, multi-outlet businesses in areas such as food and beverage and beauty and wellness. The company is planning for a Series B financing to fund its next stage of expansion.
The increase follows a year of operational success, during which Qashier processed $1 billion in yearly payment volume for over 20,000 merchants in Singapore, Malaysia, Thailand, and the Philippines. Annualized recurring revenue increased by 61 percent over the year. Qashier has attained these goals by raising less than $20 million to date.
Qashier integrates payments, business software, CRM, and embedded financial services into over 50 integrated modules, including ordering, inventory management, loyalty, and automated marketing, as well as support for over 20 regional payment methods such as cards, QR codes, e-wallets, and buy-now-pay-later. The company owns the entire payments stack, which includes KYC, processing, disbursements, and cross-border settlement.
This data advantage serves as the foundation for QashierLoans, the company’s revenue-based loan product, which will launch in June 2025. Since its introduction, QashierLoans has granted more than $10 million to over 100 SMEs, based on platform data and returned automatically from merchants’ daily sales.
Christopher Choo, Co-Founder and CEO of Qashier, stated that the company is profitably developing the operating system for Southeast Asia’s SMEs, and that combining payments, software, financial services, and customer engagement into a single ecosystem provides merchants with clarity, lower costs, and the confidence to scale across markets.
According to Michael Blakey of Cocoon Capital, Qashier’s co-founders have a crystal-clear vision of becoming the default operating infrastructure for commerce in Southeast Asia, and the business remains dedicated to supporting that journey.
