Qashier, a Singapore-based unified merchant operating system for Southeast Asia, has closed a $6.125m Series A+ funding round combining equity and debt.
The round was led by Cocoon Capital, IFP Securities and BlackSoil Global, with additional backing from strategic angel investors, and will be put towards regional growth and continued product development.
The financing comes after a year in which Qashier processed $1bn in annualised payment volume on behalf of more than 20,000 merchants spread across Singapore, Malaysia, Thailand and the Philippines. The company has remained profitable every month since December 2025, alongside a 61% rise in annualised recurring revenue over the past year.
In February 2025, it also obtained a Major Payment Institution licence in Singapore. Notably, Qashier has reached this stage having raised under $20m in total to date.
Southeast Asia is home to upwards of 70 million small and medium-sized enterprises and a digital payments market worth more than $1trn, yet many merchants in the region continue to rely on a patchwork of separate tools for point-of-sale, payment acceptance, stock control, customer outreach and financing. This lack of integration adds expense, obscures visibility into operations, and limits the ability of businesses to scale across multiple sites or borders.
Qashier’s platform consolidates these functions, pulling together payments, business management software, customer relationship tools and embedded finance into more than 50 connected modules covering areas such as ordering, stock tracking, loyalty schemes and automated marketing, alongside support for over 20 local payment methods including card schemes, QR codes, e-wallets and buy now, pay later options.
The company controls its entire payments infrastructure internally, from KYC and processing through to payouts and cross-border settlement, allowing it to offer merchants a more seamless service and sharper pricing.
That data is central to QashierLoans, the firm’s revenue-based lending product that launched in June 2025. Loans are assessed using data gathered exclusively from the platform and are repaid automatically out of merchants’ daily sales. Since its launch, QashierLoans has lent out more than $10m to upwards of 100 SMEs, broadening Qashier’s remit beyond software provision into financial services, with each transaction strengthening its ability to assess creditworthiness.
Looking ahead, Qashier intends to use the fresh capital to develop omnichannel payment capabilities, widen its embedded finance offering, and introduce AI-driven insights alongside workflow automation tools.
It also plans to deepen its support for larger merchants operating across multiple outlets, particularly within the food and beverage and beauty and wellness sectors, where there is demand for more advanced workflows, unified reporting and consistent service across locations.
Qashier Co-Founder and CEO Christopher Choo said, “We are building the operating system for Southeast Asia’s SME economy — and we are building it profitably.
“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.”
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