Singapore-based Qashier, a unified merchant operating system, has successfully closed a US$6.125 million Series A+ financing round composed of both equity and debt. The funding was led by Cocoon Capital, IFP Securities, and BlackSoil Global, with participation from strategic angel investors. This capital injection will fuel the company's regional expansion and further product development across Southeast Asia.
A Year of Disciplined Growth
The announcement follows a period of significant operational progress and disciplined growth for the fintech company. Qashier now processes an impressive US$1 billion in annualized payment volume for its network of over 20,000 merchants. The company has maintained profitability every month since December 2025, demonstrating a sustainable and efficient business model.
Further highlighting its strong performance, Qashier grew its annualized recurring revenue by 61% in 2025. This growth was achieved with remarkable capital efficiency, having raised less than US$20 million in total funding to date. The company also secured its Major Payment Institution licence in Singapore in February 2025, solidifying its regulatory standing.
Unifying a Fragmented SME Market
Southeast Asia is home to over 70 million small and medium-sized enterprises, many of which operate with disconnected systems for critical functions. Merchants often rely on separate providers for point-of-sale, payment acceptance, and inventory management. This fragmentation adds complexity and cost, creating significant barriers to growth and scalability.
Qashier addresses this challenge by consolidating these functions onto a single, integrated platform. The system combines payments, business software, CRM, and embedded financial services across more than 50 modules. By owning its end-to-end payments stack, Qashier provides merchants with a faster, more cohesive experience and competitive pricing.
Expanding into Financial Services
A key element of its expanding ecosystem is QashierLoans, a revenue-based lending product launched in June 2025. This service leverages proprietary platform data for underwriting, with repayments automatically deducted from a merchant's daily sales. Since its launch, the program has disbursed over US$10 million to more than 100 SMEs.
Christopher Choo, Co-Founder and CEO of Qashier, emphasized the company's mission to build a profitable operating system for the region's SME economy. "Merchants should not have to stitch together five vendors to run one business," he stated. The platform aims to provide clarity, lower costs, and empower businesses to scale across markets.
Investor Confidence and Future Outlook
Long-time investor Cocoon Capital reiterated its strong belief in Qashier's vision and execution. Michael Blakey of Cocoon Capital praised the co-founders' resilience and compelling vision for the company's future. He noted their commitment to supporting Qashier's journey to become the default commerce infrastructure in Southeast Asia.
Looking ahead, Qashier will use the new funds to enhance its omnichannel payment capabilities and broaden its embedded financial services. The company also plans to introduce AI-enabled insights and expand its offerings for larger, multi-outlet businesses. These developments are part of its strategic preparation for an upcoming Series B funding round.
This successful funding round validates Qashier's robust business model and its significant traction in the competitive fintech landscape. The fresh capital positions the company to accelerate its mission of simplifying commerce for SMEs throughout Southeast Asia. With a clear roadmap for innovation, Qashier is poised for its next phase of substantial growth.