Thursday, 3 April 2025
30 C
Singapore
34.3 C
Thailand
28.3 C
Indonesia
28.3 C
Philippines

Ksher, a payment firm bags US$10 million in a Series A+ round

A cross-border provider solutions provider, Ksher, secured nearly US$10 million in a Series A+ funding round that was led by MindWorks Capital. The funding also saw participation from undisclosed strategic investors from China and Japan, a statement revealed. It follows Series A funding from Sequoia Capital China and a seed round from Infinity Venture Partners. […]

A cross-border provider solutions provider, Ksher, secured nearly US$10 million in a Series A+ funding round that was led by MindWorks Capital.

The funding also saw participation from undisclosed strategic investors from China and Japan, a statement revealed. It follows Series A funding from Sequoia Capital China and a seed round from Infinity Venture Partners.

Ksher was founded in 2016, and it has been operating a mobile platform that helps merchants receive funds from the likes of Alipay, UnionPay, and WeChat pay payment methods since then. In the last one year, the platform has connected with e-wallets such as Line Pay, AirPay, and Grab Pay.

Ksher initially had its focus on helping merchants to reach the rising number of outbound travelers from China, but with time it expanded and started offering point-of-sale system integration, app development, and hardware to support multiple e-wallet transactions and multicurrency.

Recently, the platform rolled out marketing solutions for traders such as online retail, delivery support, booking, and brand marketing, plus it is customizing membership features.

Ksher stated that the acquired US$10 million would be used to further expand its presence and capabilities in the market through partnerships with government agencies and financial institutions.

Currently, Ksher collaborates with banks such as Ribank in Russia, Mashraq in the UAE, and Rakuten Bank in Japan to provide more accessible services. It has also partnered with Thailand Ministry of Interior and the Thai Immigration Bureau. The company also claims that it has obtained licenses in its operational jurisdictions.

Bryan Zhou, Ksher CEO, also revealed that in addition to the fund expanding their presence, it would also be used to add new solutions, including membership systems, coupons, loyalty points, and installments plans.

The startup is headquartered in Beijing, but it is operational in 14 countries, including Singapore and Thailand. From 2016 till now, the company claims that it has onboarded 100,000+ merchants and processed more than US$1 billion in transactions across its markets.

Hot this week

Fitbit users now have until 2026 to migrate to Google accounts

Fitbit users now have until February 2, 2026, to migrate their accounts to Google accounts or risk losing their data and service access.

Samsung Galaxy A06 5G offers modern features at an affordable S$228

The Samsung Galaxy A06 5G, with a 50MP camera and 5,000mAh battery, launches in Singapore on March 21, 2025, for S$228.

Apple prepares for M5 iPad Pro and MacBook Pro release

Apple is set to launch the M5 iPad Pro and MacBook Pro in late 2024, with the M6 models expected to introduce an in-house modem in 2027.

Instagram introduces new speed-up feature for Reels

Instagram now lets you watch Reels at double speed, just like TikTok. The new feature helps you get through longer videos faster and easier.

OpenAI pauses free GPT-4o image generation after viral Studio Ghibli trend

OpenAI halts free GPT-4o image generation after viral Studio Ghibli trend raises legal concerns, leaving paid users with continued access.

Qualcomm expands AI research with MovianAI acquisition

Qualcomm has acquired Vietnamese AI research firm MovianAI to boost its AI development in smartphones, PCs, and software-defined vehicles.

Roblox introduces new parental controls to enhance child safety

Roblox introduces new parental controls, allowing parents to block games, restrict friends, and monitor their childโ€™s activity for better safety.

Anthropic introduces Claude for Education, a new AI chatbot plan for universities

Anthropic launches Claude for Education, an AI chatbot plan for universities that offers advanced learning tools and administration support.

NVIDIA Blackwell platform sets new performance benchmark in MLPerf Inference v5.0

NVIDIAโ€™s GB200 NVL72 sets a new benchmark in MLPerf Inference v5.0 with 30x token throughput, leading AI factory performance.

Related Articles