Singapore – Small-and-medium enterprise (SME) payments platform HitPay has raised US$15.75m to continue building its payment gateway service for SMEs in Southeast Asia. The funding round was led by Tiger Global and joined by returning investors Global Founders Capital and HOF Capital.
With the capital raised, HitPay will continue to build a leading payments infrastructure platform — with unique SME-friendly features including support for local and international payment methods, best-in-class business software, and integrations with accounting and e-commerce platforms.
HitPay’s range of payment solutions — including local and cross-border payment acceptance and payouts, an online store platform, POS software with card readers, plugins, and payment links — help resource-strapped SMEs improve their payment gateways.
Aditya Haripurkar, CEO and co-founder at HitPay, said, “We are thrilled to have the backing of incredible investors in our mission to empower SMEs with easy, accessible digital payments. SMEs are still underserved, with limited resources and poor access to affordable payment services. With our Series A funding, HitPay can continue to support the unique needs of our merchants, and build the best payment gateway for small businesses.”
HitPay is now available in Singapore, Malaysia, Hong Kong, Australia, New Zealand, Canada, the UK, the US, Europe, and the UAE — and is poised to serve new markets in Southeast Asia in the coming months.
