Singapore-based Qashier, a unified merchant operating system for Southeast Asia, has raised $6.125 million in a Series A+ financing round comprising equity and debt.
In a statement on Tuesday, Qashier said the funding was led by Singapore venture capital firm Cocoon Capital alongside IFP Securities and BlackSoil Global, with participation from strategic angel investors. The capital will support regional expansion and product development, the firm added.
With the new funding, Qashier plans to enhance omnichannel payments, broaden embedded financial services, and expand AI-enabled insights and workflow automation, while extending its offering for larger, multi-outlet businesses in sectors such as food and beverage and beauty and wellness. The company is preparing for a Series B round to fund its next phase of growth.
The raise follows a year of operating progress in which Qashier grew to process $1 billion in annualized payment volume for more than 20,000 merchants across Singapore, Malaysia, Thailand, and the Philippines. Annualized recurring revenue grew 61 percent over the year. Qashier has reached these milestones having raised under $20 million to date.
Qashier combines payments, business software, CRM, and embedded financial services across more than 50 integrated modules, including ordering, inventory management, loyalty, and automated marketing, alongside support for more than 20 regional payment methods including cards, QR, e-wallets, and buy-now-pay-later. The company owns its end-to-end payments stack, including KYC, processing, payouts, and cross-border settlement.
That data advantage underpins QashierLoans, the company’s revenue-based lending product launched in June 2025. Underwrittroprietary pen on platform data and repaid automatically from merchants’ daily sales, QashierLoans has disbursed more than $10 million to over 100 SMEs since launch.
Christopher Choo, Co-Founder and CEO of Qashier, said the company is building the operating system for Southeast Asia’s SME economy profitably, and that bringing payments, software, financial services, and customer engagement into a single ecosystem gives merchants clarity, lower costs, and the confidence to scale across markets.
Michael Blakey of Cocoon Capital said Qashier’s co-founders have an exceptionally clear vision for becoming the default operating infrastructure for commerce across Southeast Asia, and that the firm remains committed to supporting that journey.
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