Qashier Raises $6.1M for SME Operating System Expansion

Singapore-based fintech innovator, Qashier, has successfully closed a $6.125 million Series A+ funding round. This significant capital injection, comprising both equity and debt, was spearheaded by prominent investors including Cocoon Capital, IFP Securities, and BlackSoil Global, with additional backing from strategic angel investors. The company intends to deploy these funds to aggressively pursue regional expansion across Southeast Asia and further enhance its product development initiatives.

Qashier is carving out a niche by offering a unified merchant operating system designed to streamline operations for small and medium-sized enterprises (SMEs) throughout Southeast Asia. This comprehensive platform aims to replace fragmented point-of-sale, payment processing, inventory management, customer relationship management, and financing solutions with a single, integrated ecosystem. The platform's modular design supports over 50 integrations, encompassing critical functions like ordering, stock control, customer loyalty programs, and automated marketing campaigns.

The company's traction is underscored by impressive financial and operational metrics. Qashier now facilitates over $1 billion in annualized payment volume, serving more than 20,000 merchants across key markets such as Singapore, Malaysia, Thailand, and the Philippines. Demonstrating robust business fundamentals, the company has maintained profitability on a monthly basis since December 2025. Furthermore, Qashier achieved a substantial 61% growth in annualized recurring revenue in 2025 and secured its Major Payment Institution license in Singapore in February 2025, signaling strong regulatory compliance and operational maturity.

A key differentiator for Qashier is its ownership of an end-to-end payments infrastructure. This includes proprietary capabilities in Know Your Customer (KYC) processes, transaction processing, payout management, and cross-border settlements. This vertical integration allows merchants to benefit from a more seamless and integrated experience, competitive pricing structures, and access to valuable proprietary transaction data. This data is instrumental in powering QashierLoans, the company's revenue-based lending product launched in June 2025, which has already disbursed over $10 million to more than 100 SMEs, underwritten and repaid directly from daily sales.

Looking ahead, the fresh capital will fuel Qashier's strategic focus on advancing its omnichannel payment capabilities, expanding its suite of embedded financial services, and integrating AI-driven insights and workflow automation. The company also plans to tailor its offerings for larger, multi-outlet businesses, particularly within the food and beverage and beauty and wellness sectors, which require more sophisticated operational management and consistent customer experiences across diverse locations and markets. This strategic expansion positions Qashier to capture a larger share of the rapidly growing SME digital commerce market in the region, estimated to reach hundreds of billions of dollars annually.

With this Series A+ round successfully completed, Qashier is actively preparing for a subsequent Series B financing. This next phase of growth will be contingent on achieving further milestones in recurring revenue, expanding payment licensing, and increasing loan disbursement volumes, signaling ambitious plans for market leadership. The company's co-founder and CEO, Christopher Choo, emphasized their mission to build the definitive operating system for Southeast Asia's SME economy, stating, "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." Michael Blakey of Cocoon Capital echoed this sentiment, highlighting the team's resilience and clear vision for Qashier as the "default operating infrastructure for commerce across Southeast Asia."