Qashier Turns Profitable on US$1 Billion in Annual Payment Volume, Raises US$6.125 Million to Accelerate Regional Expansion

Qashier, a Singapore-based unified merchant operating system, has successfully raised US$6.125 million in a Series A+ financing round aimed at bolstering its regional expansion and product development efforts. The funding round, which closed on June 30, 2026, was led by Cocoon Capital, IFP Securities, and BlackSoil Global, with additional support from strategic angel investors. This capital infusion comes as Qashier reports a significant 61% growth in annualized recurring revenue for 2025 and has achieved profitability across four Southeast Asian markets.

Founded to address the fragmented digital payments landscape in Southeast Asia, Qashier has established itself as a key player in the financial technology sector. The company processes an impressive US$1 billion in annualized payment volume for over 20,000 merchants across Singapore, Malaysia, Thailand, and the Philippines. By offering a single platform that integrates payments, business software, customer relationship management, and embedded financial services, Qashier aims to simplify operations for small and medium-sized enterprises (SMEs) in a region where many still rely on disparate systems.

The strategic rationale behind this latest funding round centers on Qashier's commitment to enhancing its product offerings and expanding its market presence. With the new capital, the company plans to develop advanced omnichannel payment solutions, broaden its embedded financial services, and incorporate AI-enabled insights and workflow automation. Qashier's recent success in securing a Major Payment Institution license in Singapore further positions it to capitalize on the region's burgeoning digital payments market, which exceeds US$1 trillion and serves over 70 million SMEs.

Qashier's innovative approach to merchant services is underscored by its proprietary transaction data, which powers its lending product, QashierLoans. Launched in June 2025, this revenue-based lending solution has already disbursed over US$10 million to more than 100 SMEs, showcasing the company's evolution from a commerce software provider to a comprehensive financial operating partner. This transformation not only enhances Qashier's competitive advantage but also solidifies its role in supporting the growth of SMEs across Southeast Asia.

Looking ahead, the broader implications of Qashier's funding and strategic initiatives reflect a growing trend in the financial technology sector, where integrated solutions are increasingly sought after by businesses aiming for efficiency and scalability. As Qashier prepares for its next growth phase and a potential Series B round, its focus on delivering a cohesive ecosystem for merchants may serve as a model for other fintech companies in the region. The successful navigation of challenges and the ability to innovate will be critical as Qashier and its peers work to capture a larger share of the rapidly evolving digital payments landscape in Southeast Asia.