Qashier announced that it has raised $6.125 million in Series A+ financing. The round included equity and debt and was led by Cocoon Capital, IFP Securities, and BlackSoil Global, with participation from strategic angel investors.
Qashier plans to use the funding to support regional expansion and product development.
The Singapore-headquartered company provides a unified merchant operating system for Southeast Asia.
Qashier now processes $1 billion in annualized payment volume for more than 20,000 merchants across Singapore, Malaysia, Thailand, and the Philippines.
The company has been profitable every month since December 2025.
Qashier also grew annualized recurring revenue by 61% in 2025 and secured its Major Payment Institution license in Singapore in February 2025.
The company has reached these milestones while raising under $20 million to date.
Qashier is focused on helping merchants replace fragmented systems for point-of-sale, payment acceptance, inventory, customer engagement, and financing with a single operating platform.
The platform combines payments, business software, CRM, and embedded financial services across more than 50 integrated modules.
These modules span ordering, inventory management, loyalty, and automated marketing.
Qashier also supports more than 20 regional payment methods, including cards, QR payments, e-wallets, and buy-now-pay-later options.
The company owns its end-to-end payments stack, including KYC, processing, payouts, and cross-border settlement.
Qashier said this gives merchants a faster and more integrated experience, more competitive pricing, and proprietary transaction data that supports the broader platform.
That data also powers QashierLoans, the company’s revenue-based lending product launched in June 2025.
QashierLoans is underwritten using proprietary platform data and repaid automatically from each merchant’s daily sales.
Since launch, QashierLoans has disbursed more than $10 million to over 100 SMEs.
With the new funding, Qashier will focus on enhanced omnichannel payments, broader embedded financial services, and AI-enabled insights and workflow automation.
The company also plans to expand its offering for larger multi-outlet businesses, particularly in food and beverage and beauty and wellness.
Qashier said these merchants require sophisticated workflows, consolidated reporting, and consistent customer experiences across locations and markets.
The company is preparing for a Series B round to fund its next phase of growth, with milestones expected across recurring revenue, payment licensing, and loan disbursements.
KEY QUOTES:
“We are building the operating system for Southeast Asia’s SME economy — and we are building it profitably. Merchants should not have to stitch together five vendors to run one business. By bringing payments, software, financial services and customer engagement into a single ecosystem, we give them clarity, lower costs and the confidence to scale across markets. This round lets us leverage that advantage into the next phase of growth.”
Christopher Choo, Co-Founder and CEO of Qashier
“We have been proud to support Qashier since its beginning, and this latest round is a testament to what the team has built. What continues to impress us is their ability to navigate every obstacle placed in their path with resilience and ingenuity. Qashier’s cofounders, Christopher Choo and Franklin Zhao, have an exceptionally clear and compelling vision for what Qashier is becoming, ‘the default operating infrastructure for commerce across Southeast Asia,’ and we remain firmly committed to supporting that journey.”
Michael Blakey of Cocoon Capital
