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The HitPay crew
Singapore-headquartered HitPay, a fee gateway for small and medium enterprises (SMEs), has secured US$15.75 million in a Collection A spherical of funding led by Tiger World.
Returning traders World Founders Capital and HOF Capital additionally joined the spherical.
With the capital raised, HitPay will develop SME-friendly options, together with assist for native and worldwide fee strategies and integrations with accounting and e-commerce platforms.
The fintech agency may even put money into top-tier expertise to assist its shoppers globally.
Additionally Learn: The way forward for fintech: The most recent developments within the trade
The fintech agency was based by Nitin Muthyala and Aditya Haripurkar. HitPay was just lately accepted to Y Combinator’s accelerator programme.
HitPay is a one-stop fee platform for SMEs. It offers options similar to native and cross-border fee acceptance and payouts, a web based retailer platform, POS software program with card readers, plugins, and fee hyperlinks. The agency claims over 10,000 retailers use HitPay, and its transaction fee quantity has grown by over 8x in 2021.
HitPay is on the market in Singapore, Malaysia, Hong Kong, Australia, New Zealand, Canada, the US, the UK, Europe, and the UAE. It plans to broaden to new markets in Southeast Asia within the coming months.
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