Qashier raises USD $6.125 million & turns profitable

Qashier has raised USD $6.125 million in a Series A+ round and says it has also turned profitable.

The Singapore-based payments and merchant software company said the round, which includes equity and debt, was led by Cocoon Capital, IFP Securities and BlackSoil Global, with participation from strategic angel investors. The new funding will support regional expansion and further product development.

The fundraising follows a year in which Qashier expanded transaction volumes and recurring revenue while maintaining what it described as a lean capital base. It now handles USD $1 billion in annualised payment volume for more than 20,000 merchants across Singapore, Malaysia, Thailand and the Philippines.

According to the company, it has been profitable every month since December 2025. Annualised recurring revenue grew 61% in 2025.

The figures offer a snapshot of how some Southeast Asian fintech groups are trying to stand out in a more demanding funding market. Investors are increasingly focused on profitability, efficient use of capital and evidence that software and payments products can generate repeat revenue at scale.

Qashier has raised less than USD $20 million in total to date. That is notable in a sector where payments companies often need significant funding to build transaction infrastructure, win merchants and meet regulatory requirements across multiple markets.

The company secured a Major Payment Institution licence in Singapore in February 2025. The licence is a key regulatory step for payments businesses seeking to deepen their services in one of the region's most closely watched fintech markets.

Single platform

Qashier sells a system for small and medium-sized businesses that combines payment acceptance with business software, customer management and financing tools. It says merchants in Southeast Asia often still rely on separate providers for point-of-sale systems, payments, inventory, customer engagement and lending, which can raise costs and complicate day-to-day operations.

Its platform includes more than 50 modules covering functions such as ordering, inventory management, loyalty programmes and automated marketing. It also supports more than 20 payment methods across the region, including cards, QR payments, e-wallets and buy now, pay later options.

Qashier manages its own payments stack, including know-your-customer checks, processing, payouts and cross-border settlement. For fintech groups in Southeast Asia, tighter control over these layers can improve margins and provide more data on merchant trading activity, although it also requires greater investment in compliance and operations.

Lending push

That transaction data is also being used in lending. Qashier said its revenue-based finance product, QashierLoans, has disbursed more than USD $10 million to over 100 small and medium-sized enterprises since launching in June 2025.

The loans are underwritten using the company's own merchant data, and repayments are deducted automatically from a merchant's daily sales. The model reflects a broader trend among payments groups and software providers moving into embedded finance by using sales data to assess risk and distribute credit.

Southeast Asia remains a large target market for that approach. Qashier points to a regional base of more than 70 million small and medium-sized enterprises and a digital payments market worth more than USD $1 trillion, yet many of those businesses still operate with fragmented systems and have limited access to tailored financing products.

Christopher Choo, Co-Founder and Chief Executive Officer of Qashier, said the company's aim is to simplify how merchants run their businesses across the region.

"We are building the operating system for Southeast Asia's SME economy - and we are building it profitably," Choo said. "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."

Michael Blakey of Cocoon Capital said the firm has backed Qashier since its early days.

"We have been proud to support Qashier since its beginning, and this latest round is a testament to what the team has built," Blakey said. "What continues to impress us is their ability to navigate every obstacle placed in their path with resilience and ingenuity. Qashier's co-founders, 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."

With the new funding, Qashier will focus on enhanced omnichannel payments, broader embedded financial services, and AI-enabled insights and workflow automation, according to Blakey.

The company is also expanding its offering for larger multi-outlet merchants, especially in food and beverage and beauty and wellness. Those businesses often need centralised reporting and consistent systems across multiple locations, making them a natural target for providers trying to move beyond basic card acceptance and tills.

Qashier's latest figures suggest investors remain willing to back Southeast Asian fintech groups that can show growth in payments, recurring software revenue and lending while also reaching profitability on modest funding. The company supports more than 20,000 merchants across four markets.