Forward Partners leads $4m round for Apexx

MMC Ventures and Alliance Venture also took part in the round, which includes a grant from Innovate UK.

The fresh capital will enable the business to undertake an international expansion strategy based on developing agreements with acquirers, payment providers and merchants. It will also fund product development.

The development comes four months after former Barclaycard CEO Valerie Soranno Keating joined Apexx as a non-executive director.

Company
Founded in April 2017, London-based Apexx is a business-to-business cross-border payment processing marketplace. It enables merchants to integrate services including iZettle, Alipay, Paysafe, Cardstream and Visa iPay88 into one platform. It allows users to consolidate their reporting processes and automatically route transactions across a number of providers to improve conversion performance and minimise costs.

People
Forward Partners – Matthew Bradley (investor).
MMC Ventures – Dan Bailey (investor).
Apexx Fintech – Peter Keenan (co-founder, CEO).

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