Qashier Turns Profitable, Raises US$6.125M for AI-Powered Merchant Platform
Source: The Manila Times / PR Newswire
Singapore-headquartered merchant operating system Qashier has turned profitable and raised US$6.125 million in a Series A+ round, as it scales its unified payments, software, and embedded lending platform across Southeast Asia. The company processes US$1 billion in annual payment volume for over 20,000 merchants.
Singapore-headquartered merchant operating system Qashier has achieved a major milestone, turning profitable while announcing a US$6.125 million Series A+ financing round. The company, which processes US$1 billion in annualised payment volume for over 20,000 merchants, has been profitable every month since December 2025, a notable achievement for a SEA fintech startup operating on a lean capital base.
Founded by Christopher Choo and Franklin Zhao, Qashier describes itself as a unified merchant operating system for Southeast Asia, combining point-of-sale, payments, inventory management, CRM, and embedded financial services into a single platform. The Series A+ round — comprising equity and debt — was led by Cocoon Capital, IFP Securities, and BlackSoil Global, and follows a US$10 million Series A in 2023 co-led by Delivery Hero Ventures and IFP Securities. The company has now raised less than US$20 million in total to reach profitability, a capital-efficient trajectory that stands out in the capital-intensive fintech space.
The company operates across Singapore, Malaysia, Thailand, and the Philippines, supporting over 50 integrated modules and 20 regional payment methods including cards, QR, e-wallets, and BNPL. Its annualised recurring revenue grew 61% in 2025. Qashier also secured a Major Payment Institution license from the Monetary Authority of Singapore in February 2025, enabling merchant acquisition, domestic money transfer, and cross-border transfer services. Through QashierLoans — a revenue-based lending product underwritten on proprietary platform data — it has disbursed over US$10 million to more than 100 SMEs since launching in June 2025.
The new funding will be used to accelerate regional expansion and product development, with a focus on enhanced omnichannel payments, broader embedded financial services, and AI-enabled insights and workflow automation. These capabilities are designed to give merchants deeper visibility into their operations, automate routine tasks, and unlock data-driven recommendations — bringing the kind of intelligence typically reserved for large enterprises to the SME segment that makes up the vast majority of Southeast Asia's 70 million-plus businesses.
Why it matters for Singapore: Qashier's trajectory demonstrates that Singapore's fintech ecosystem can produce capital-efficient, profitable companies that scale across the region without burning through massive venture capital. The company's MAS licence, Singapore HQ, and commitment to AI-driven merchant tools reinforce the city-state's role as a launchpad for fintech innovation in Southeast Asia, particularly in the underserved SME digitalisation market.