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Shopee Singapore and Children’s Cancer Foundation Announce Partnership to Support The Hope Train x ARTrepreneur 2024 Initiative


SINGAPORE Media OutReach Newswire – 4 December 2024 – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and the Children’s Cancer Foundation (CCF) are excited to announce a new collaboration to support The Hope Train x ARTrepreneur 2024, — a unique art exhibition and auction that aims to empower youth survivors who grapple with employment challenges due to their health struggles by providing them with a platform to showcase their creativity and resilience.

Shopee Kiap Kiap
Shopee Kiap Kiap

Shopee’s Contributions to The Hope Train x ARTrepreneur 2024 Initiative

Shopee is pledging significant support to the The Hope Train x ARTrepreneur 2024 initiative, with a series of activities designed to engage the public, raise awareness, and for Shopee to make donations to CCF:

  • S$10,000 Donation Through Shopee Kiap Kiap Game: Shopee is targeting to raise S$10,000 through its popular Shopee Kiap Kiap game, where every 5 plays contribute S$0.01 to the cause. The accumulated amount will be directed to CCF’s programs supporting youth cancer survivors.
  • Storytelling and Awareness on Shopee’s Website: Shopee will feature the stories of the youth survivors and their artwork on its website, helping to raise awareness about childhood cancer and the strength and resilience of these young individuals.

“We are deeply honored to collaborate with the Children’s Cancer Foundation on this meaningful initiative,” said Chua Kel Jin, Director of Shopee Singapore. “At Shopee, we believe in the power of community, creativity, and giving back. Through Shopee Kiap Kiap and this partnership, we hope to raise awareness and provide these young survivors with a platform to shine.”

Empowering Young Survivors Through Art

The Hope Train x ARTrepreneur 2024 Initiative shines a spotlight on the extraordinary creativity of youth cancer survivors, offering them a platform to express themselves through art.

Through this programme, these resilient young individuals gain access to customised art skills training that not only hone their craft but also opens doors to future career opportunities. By empowering them with the tools to develop their talents, the initiative helps foster a sense of purpose, self-confidence, and hope.

Launch and Additional Information

The Hope Train x ARTrepreneur 2024 initiative will kick off on 3 December and run until 12 December 2024. To learn more about the initiative or to participate in the Shopee Kiap Kiap game, visit https://shopee.sg/m/1212kiap-ccf.

Hashtag: #shopee #shopeegivesback #ARTrepreneur2024 #shopeekiapkiap #CCF #CSR

The issuer is solely responsible for the content of this announcement.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.

About Children’s Cancer Foundation

Founded in 1992, the Children’s Cancer Foundation (CCF) is a Social Service Agency dedicated to enhancing the quality of life for children with cancer and their families. With a mission to improve emotional, social, and medical well-being, CCF is committed to becoming a leading provider of resources and psychosocial services for those impacted by childhood cancer.

CCF’s mission is to improve the quality of life of children with cancer and their families by enhancing their emotional, social, and medical well-being. CCF’s vision is to become a leading provider of resources and psychosocial services to children and families impacted by childhood cancer.

South Korean President’s Chief of Staff Resigns After Martial Law Lifted

People gather by the gate of the National Assembly, after South Korean President Yoon Suk Yeol declared martial law, in Seoul, South Korea, 4 December. (Photo: Hindustan Times)

By David Brennan and Meredith Deliso

ABC News – Following the South Korean State Council’s passing of a resolution to officially lift martial law, South Korean President Yoon Suk Yeol’s chief of staff and nine other senior presidential secretaries announced their resignations.

The South Korean Presidential office told reporters Wednesday morning local time that Presidential Chief of Staff Jeong Jin-seok and the other staff members are departing their positions in the wake of the president’s now-lifted declaration.

Yoon had declared martial law in a televised speech late Tuesday, the Yonhap news agency reported. The president said the measure was necessary due to the actions of the country’s liberal opposition, the Democratic Party, which he accused of controlling parliament, sympathizing with North Korea and paralyzing the government.

The move sparked protests, and hours after the declaration, the National Assembly voted early Wednesday morning local time demanding that the president lift the martial law order. A majority of parliament — all 190 members who were present, out of the 300-person body — voted to lift the decree — requiring that it then be lifted, under the South Korean constitution.

Following the National Assembly’s vote, Yoon said he withdrew the troops that had been deployed to carry out martial law and “will lift martial law as soon as we have a quorum in the cabinet.” The State Council then convened to vote to officially lift it.

The country’s Democratic Party called on Yoon to resign following what it called the “fundamentally invalid” declaration of martial law. The opposition party said it will begin impeachment proceedings if the president doesn’t resign.

“This is a serious act of rebellion and perfect grounds for impeachment,” a Democratic Party spokesperson said in a statement after martial law was lifted.

Explaining his decision to declare martial law on Tuesday, Yoon accused the opposition-dominated parliament of “paralyzing” judicial affairs and the administration via 22 proposed cases of impeachment issued since the body convened in June.

After withdrawing the troops, he continued to call out the National Assembly, urging parliament to “immediately stop the outrageous behavior that is paralyzing the functioning of the country with impeachments, legislative manipulation and budget manipulation.”

Yoon’s conservative People Power Party has been locked in a fierce budget dispute with the liberal opposition Democratic Party.

“The handling of the national budget also cut all major budgets to have control over the essential functions of the state, the budget that was formed to crack down on drug crimes and maintain public security,” Yoon said Tuesday. “This undermines the essential functions of the state and leaves the public in a drug paradise and public security panic.”

“The National Assembly, which should be the basis of liberal democracy, has become a monster that collapses the liberal democracy system,” he added.

Following the declaration of martial law, the Democratic Party called on its lawmakers to assemble at the National Assembly building in Seoul, Yonhap reported. Party leader Lee Jae-myung said Yoon’s martial law declaration was an “unconstitutional” measure that “goes against the people.”

“President Yoon declared emergency martial law for no reason,” Lee said, as quoted by Yonhap.

Police and soldiers gathered around the National Assembly on Tuesday night after Yoon spoke. Footage from the scene also showed crowds descending on the building, some people making their way inside. Yonhap reported clashes between security personnel and National Assembly staffers as the former tried to enter the building.

Seoul Mayor Oh Se-hoon — a member of Yoon’s People Power Party — was among those who called for an immediate reversal of the declaration. “As mayor, I will do my best to protect the daily lives of citizens,” he added in a post to Facebook.

President Joe Biden’s administration was not alerted of the declaration beforehand, according to the White House National Security Council.

“We are relieved President Yoon has reversed course on his concerning declaration of martial law and respected the ROK National Assembly’s vote to end it,” a White House National Security Council spokesperson told ABC News in a statement. “Democracy is at the foundation of the US-ROK alliance, and we will continue to monitor the situation.”

Biden told reporters he was “just getting briefed” on the martial law declaration, following a speech in Angola on Tuesday evening local time.

His administration is in contact with the South Korean government, the White House National Security Council said.

The US Embassy in Seoul warned Americans in the country that “the situation remains fluid” in the wake of martial law being lifted.

“US citizens should anticipate potential disruptions,” the Embassy said in a security alert. “When in public, you should pay attention to your surroundings and exercise routine safety precautions.”

Tuesday’s martial law declaration marked the first since the country’s democratization in 1987. Martial law was last declared in 1979 after the assassination of dictator Park Chung Hee.


ABC News’ Will Gretsky, Joe Simonetti, Fritz Farrow and Shannon K. Kingston contributed to this report.

Taiwan’s Most Coveted Omakase Teppanyaki, “MinSuiZen·Raku Singapore,” Is Finally in Singapore!


SINGAPORE – Media OutReach Newswire – 4 December 2024 – The highly sought-after omakase teppanyaki restaurant from Taiwan, is making its soft-opening in Singapore this December!

01 image

Following the success of its Tokyo and Hong Kong branches, MinSuiZen·Raku is opening its third overseas outlet at Tanjong Pagar, conveniently located just a 3-minute walk from Tanjong Pagar MRT station. With its urban-chic ambiance paired with elegant Japanese dining elements, the restaurant is poised to capture the hearts of food enthusiasts in Singapore.

Specialising in Japanese Omakase Teppanyaki, the Tanjong Pagar branch offers a meticulously curated 12-course menu priced at SGD 138. Diners can expect premium ingredients such as fresh seasonal fish, salmon, scallops, black tiger prawns, rich prawn soup, and Japan’s A5 Wagyu beef.

MinSuiZen·Raku Singapore reservations are live, don’t miss out on this exclusive experience!

https://inline.app/booking/-O81-N3qKxCiLypjcvHB:inline-live-3/-O81-NHFd7fElcNCtVTH

Presented with Japanese artisan tableware and minimalist plating, every dish highlights the natural flavours of the ingredients, prepared with precision by culinary experts. This omakase experience promises not only gourmet delights but also the thrill of surprise with each course.

From December 12, 2024, to January 12, 2025, during the soft-opening period, all diners will receive a complimentary Honey Lemon Sparkling Drink, crafted by the head chef. Birthday celebrants dining during this period will also be treated to an exclusive chef’s special dessert.

Having won the Top 10 High-Value Fine-Dining Teppanyaki Award in Taiwan for two consecutive years, MinSuiZen·Raku Singapore is set to replicate its success in Singapore by incorporating local ingredients, creating a truly unique dining experience.

Check your calendars and get ready to experience a culinary adventure!

Seats are filling up fast, make your reservation now!

https://inline.app/booking/-O81-N3qKxCiLypjcvHB:inline-live-3/-O81-NHFd7fElcNCtVTH

Follow MinSuiZen·Raku Singapore on social media for more updates!

Hashtag: #MinSuiZenRakuSingapore #SGFoodie #TeppanyakiExperience #TanjongPagarDining #JapaneseCuisine #LuxuryDiningSG


The issuer is solely responsible for the content of this announcement.

Military Metals Responds to China’s Export Ban on Critical Minerals

Vancouver, British Columbia – Newsfile Corp. – December 3, 2024 – Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) a leading North American exploration company focused on critical minerals, acknowledges today’s announcement by China banning exports of gallium, germanium, and antimony to the United States. This move underscores the urgent need for Western nations to secure reliable long-term sources of these essential materials.

Antimony, a critical component in military applications, energy storage, and advanced manufacturing, is now at the forefront of the global supply chain crisis. China’s ban, coupled with existing restrictions that came into effect September 15, 2024, has already sent antimony prices soaring by over 228% this year(1). The Western world faces mounting pressure to address its reliance on China for strategic resources critical to national defense and technological innovation. This ban comes at a time when defense sector inventories are at already concerningly low levels.(2)

Military Metals recent antimony mineral project acquisitions in Slovakia, Nova Scotia, and Nevada provide shareholders with a pure antimony play with a diverse portfolio in top jurisdictions.

“This announcement from China reinforces the importance of Military Metals’ mission to secure a sustainable, independent future supply chain for critical minerals,” said Scott Eldridge, CEO of Military Metals Corp. “The West can no longer afford to rely on adversarial nations for resources essential to our security and economic stability. We are taking proactive steps to meet this growing demand with future domestic and allied sources of antimony.”

As geopolitical tensions escalate and the trade war intensifies, Military Metals will continue to prioritize the development of critical mineral resources and work closely with governments and industry partners to ensure the West remains resilient and self-sufficient.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD of DIRECTORS

For more information, please contact:
Scott Eldridge
CEO and Director
scott@militarymetalscorp.com

For enquiries, please call 604-722-5381 or 604-537-7556

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release include exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties.. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

(1)Reuters; China bans export of critical minerals to US as trade tensions escalate; By Amy Lv and Tony Munroe; December 3, 2024
(2)Heritage Foundation: commentary/It’s Past Time to Re-Supply Our Munitions-Depleted U.S. Navy by Jim Fein; June 17, 2024

The issuer is solely responsible for the content of this announcement.

Henderson Land Recognised Among Asia’s Top Green Companies


BANGKOK, THAILAND – Media OutReach Newswire – 4 December 2024 – Henderson Land Development Company Limited has been named one of Asia’s Top Green Companies at the Asia Corporate Excellence & Sustainability (ACES) Awards 2024. This recognition underscores Henderson Land’s leadership in sustainable property development, environmental stewardship, and community well-being.

Johnny Yu, Head of Sustainability and Advisor to the Chairman, Henderson Land Development Company Limited (Centre), proudly accepts the ACES Awards 2024 Top Green Companies in Asia accolade on stage. Standing alongside him are Edward Chan, Deputy General Manager (Right Centre), and Hazel Cheng, Project Manager - Sustainability (Left Centre), representing the company’s unwavering commitment to sustainability. The award is presented by Dr Shanggari Balakrishnan, President of the ACES Awards (Far Left), and Luis Bueno Nieto, Advisor to the ACES Council (Far Right), marking a moment of triumph and recognition for Henderson Land Development’s leadership in driving green innovation across Asia.
Johnny Yu, Head of Sustainability and Advisor to the Chairman, Henderson Land Development Company Limited (Centre), proudly accepts the ACES Awards 2024 Top Green Companies in Asia accolade on stage. Standing alongside him are Edward Chan, Deputy General Manager (Right Centre), and Hazel Cheng, Project Manager – Sustainability (Left Centre), representing the company’s unwavering commitment to sustainability. The award is presented by Dr Shanggari Balakrishnan, President of the ACES Awards (Far Left), and Luis Bueno Nieto, Advisor to the ACES Council (Far Right), marking a moment of triumph and recognition for Henderson Land Development’s leadership in driving green innovation across Asia.

Central to its sustainability strategy is the 2030 Sustainability Vision, anchored on four pillars: Green for Planet, Innovation for Future, Value for People, and Endeavour for Community. Aligned with the UN Sustainable Development Goals, these pillars guide the company’s efforts to combat climate change, foster innovation, and enhance stakeholder and community value.

Henderson Land integrates smart, climate-resilient building designs to reduce its carbon footprint. The company strives for BEAM Plus Gold Rating for all new office developments, focusing on energy efficiency, resource conservation, and indoor environmental quality.

A standout achievement is The Henderson, a super Grade-A commercial development designed by Zaha Hadid Architects. This iconic project has received the Three Star Pioneer Rating in China’s Smart Building Pre-Certification Accreditation, reflecting its innovative green building practices.

The Henderson has also earned the Grand Award in the Non-Residential (New Building – Non-Government, Institution or Community) category at Hong Kong’s prestigious Quality Building Award (QBA) and the Innovative Project Award across all categories. Recognised for its eco-friendly and cutting-edge design, The Henderson sets a new benchmark for architectural excellence, contributing to Hong Kong’s advancement and enhancing societal well-being.

Henderson Land’s dedication to superior standards and sustainability continues to shape a greener, more resilient future for Asia.
Hashtag: #HendersonLand #ACESAwards2024 #Sustainability #regionalexcellence

The issuer is solely responsible for the content of this announcement.

About Henderson Land Group

Founded in 1976 and listed in Hong Kong since 1981, Henderson Land Development Company Limited (Stock code: 12) is a leading property group with a focus on Hong Kong and mainland China. Henderson Land is carrying on its legacy into the future, curating a property portfolio that grows from strength to strength and encompasses award-winning landmark projects such as the International Finance Centre complex and The Henderson.

In addition to its core business in property development and property investment, the Group also holds strategic investments in two listed subsidiaries (namely, Henderson Investment Limited and Miramar Hotel and Investment Company, Limited) and three listed associates (namely, The Hong Kong and China Gas Company Limited, which in turn has equity stakes in a listed subsidiary, Towngas Smart Energy Company Limited), Hong Kong Ferry (Holdings) Company Limited and Sunlight Real Estate Investment Trust.

Henderson Land has a long-term commitment to sustainability and is a pioneer in green building and sustainable practices that harness innovation and technology to create new, smarter living. The Group is also a strong advocate of social responsibility and invests in a broad range of community causes and initiatives.

1win and HSDF Bring Free Healthcare Screenings to 10,000 People across Enugu and Anambra State


ENUGU, NIGERIA – Media OutReach Newswire – 3 December 2024 – 1win, a licensed global iGaming brand, launches a charitable healthcare screening initiative in collaboration with the Helpers Social Development Foundation (HSDF). The project aims to improve access to vital health services for vulnerable groups in Enugu and Anambra States and support early diagnosis of diabetes and cardiovascular conditions in Nigeria.

Free Healthcare Screenings by 1win and HSDF
Free Healthcare Screenings by 1win and HSDF

The 1win-facilitated health check-ups operate from November 30 to December 30, 2024, across Enugu and Anambra states and target individuals between 18 and 60 years. With on-ground guidance from the renowned charity organization HSDF, the joint project aims to reach around 10,000 local people and provide them with preliminary screenings for hypertension and diabetes, the two prevalent conditions posing severe risks to public health in Nigeria.

Throughout the campaign, citizens can obtain free healthcare services at 1win-branded screening stations at markets, churches, mosques, town halls, and community centers across rural areas in Enugu and Anambra states. 1win has ensured that these stations offer free blood sugar testing and consultations with experienced healthcare practitioners. Visitors can receive blood pressure readings, detailed screening results, and clear, tailored guidance from specialists to help manage and prevent diseases.

This program underscores 1win’s mission to contribute meaningfully to the communities where the brand operates. By partnering with HSDF, 1win is extending its impact beyond business to address healthcare challenges and promote more sustainable living.

Speaking about the initiative, Mr. Chidi Okeke, Head and Director of HSDF, said, “This partnership represents a step toward a healthier society. With 1win’s support, we can reach people who do not have proper access to healthcare services. Such partnership is essential as diabetes and heart conditions frequently remain undiagnosed yet can be mortal. Together with 1win, we hope to empower local people with knowledge and resources to take charge of their health.”

Residents of Enugu and Anambra States are encouraged to visit the nearest healthcare stations between November 30 and December 30 to take advantage of this life-preserving opportunity.
Hashtag: #1win #1winForHealth #CSR #Charity


The issuer is solely responsible for the content of this announcement.

About 1win

is a leading global iGaming brand that offers an unparalleled range of services and is licensed in Nigeria. With a solid seven-year track record, the brand caters to a diverse clientele across the globe, illustrating its strong influence in the iGaming sector. Effective August 2024, 1win has cricketer David Warner as its sports ambassador.

About HSDF

Helpers Social Development Foundation is a duly registered nonprofit and nonpolitical organization in Nigeria with registration No: 131317. The foundation was established out of patriotic spirit, to contribute to the welfare of underprivileged social groups.

Visa’s inaugural Open Payments Session showcases key partnerships and innovation fueling Cambodia’s digital payment landscape


PHNOM PENH, CAMBODIA – Media OutReach Newswire – 3 December 2024 – Visa, a global leader in digital payments, hosted its first Open Payments Session in the Kingdom, bringing together regulators, subject matter experts, merchants, and financial services representatives to explore best practices and thought leadership shaping the future of payments. The forum focused on the evolving landscape of digital payments, driven by increased smartphone penetration and government initiatives promoting cashless transactions.

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In Cambodia, the growth of e-commerce is significant, with revenue in the e-commerce market projected to reach US$1.12 billion in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.98%, resulting in a projected market volume of US$1.81 billion by 2029. This ever-evolving payment landscape is expected to become more layered and diversified with more participants, presenting dynamic opportunities and challenges for ecosystem players to navigate.

“As consumers increasingly embrace cashless transactions, Visa remains dedicated to driving innovation, collaboration, and open payments for businesses in Cambodia. We play a vital role in the payments landscape and are committed to driving digital and financial inclusion for consumers and businesses, in alignment with the Kingdom’s digitization goals,” said Ms. Ivana Tranchini, Visa Country Manager for Cambodia. “With a focus on supporting businesses to grow, Visa aims to empower them to thrive in today’s digital economy by ensuring seamless and secure payments experiences for everyone.”

At the forum, subject matter experts highlighted the latest trends and best practices in payments in Cambodia. They discussed the importance of offering tailored payment solutions to meet changing customer expectations and keep pace with cashless and contactless payment trends, which are increasingly popular due to growing smartphone usage and the convenience of mobile wallets. The experts also emphasized the need for a smooth post-purchase experience to enhance customer satisfaction and loyalty. Collaborative innovation within the payment ecosystem was identified as a key driver of growth, enabling businesses to stay competitive and innovative.

With the rise in digital activity, businesses and consumers in Cambodia need to safeguard against emerging fraud threats and refund/policy abuse. Robust fraud and dispute management strategies are essential in this rapidly evolving digital landscape. As e-commerce continues to surge, particularly driven by the younger population’s preference for online shopping, these measures will be critical in maintaining trust and ensuring seamless transactions.

Last month, Visa announced a suite of new products and services that will be available in Asia Pacific. These solutions are set to reinvent the card and address the future needs of businesses, merchants, consumers, and the financial institutions that serve them, creating opportunities to deliver innovations that enhance payment experiences with greater flexibility, security, and convenience.

Hashtag: #Visa #OpenPaymentsSession



The issuer is solely responsible for the content of this announcement.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

KPay Secures Record USD55 Million, Marking 2024’s Largest Series A Fundraise Globally in the Payments Sector

KPay strengthens its position as the leading regional platform for merchants to simplify financial management and streamline business operations. The investment by Apis Growth Markets Fund III and Apis Global Growth Fund III will accelerate KPay’s trajectory to support one million merchants across Asia in the next five years


HONG KONG/SINGAPORE – Media OutReach Newswire – 3 December 2024 – KPay Group (KPay), a one-stop financial management and business operations platform, today announced the successful completion of its first institutional funding round, raising a record USD 55 million, the largest Series A globally in the payments sector in 2024[1].

KPay Group completed its first institutional funding round, raising a record USD 55 million, the largest Series A globally in the payments sector in 2024.
KPay Group completed its first institutional funding round, raising a record USD 55 million, the largest Series A globally in the payments sector in 2024.

This landmark investment was led by Apis Growth Markets Fund III and Apis Global Growth Fund III (both of which Apis Partners LLP serves as the portfolio manager for), validating KPay’s strategic vision, market leadership and ambitious growth trajectory. UK-based Apis Partners is an ESG and Impact-native global private equity asset manager which manages or advises on total assets under management of USD 2.3 billion. This investment will not only accelerate KPay’s existing trajectory but also provide the basis for its aggressive expansion plans across Emerging Asia.

With fintech funding in Asia Pacific hitting a six-year low[2] in H1 2024, KPay’s record-breaking Series A stands out as a testament to the company’s execution excellence and opportunity set ahead. The successful funding also demonstrates investors’ appetite to back companies – like KPay – which have a proven playbook to drive expansion across Asia and can do so in a capital efficient manner. Notably, up until this Series A round, the company had yet to raise venture capital funding to deliver growth.

The investment from Apis Partners includes a commitment by KPay to expand its presence across key Asian economies, including Indonesia, the Philippines, Malaysia, Thailand, and more. KPay will leverage the capital to drive both organic growth and strategic mergers and acquisitions. This partnership aligns closely with the shared vision of Apis and KPay to drive meaningful change, recognizing the critical role of SMEs, which account for 55.8%[3] of total employment in Asia, and in turn acknowledges that supporting SME growth fosters broader economic development and strengthens regional economies.

Founded just over three years ago, KPay has achieved a remarkable 166% revenue CAGR during this period, operating across Hong Kong, Singapore and Japan. The company has built a one-stop solution to facilitate the financial, operational and digital transformation for merchants of all sizes, and is already serving more than 45,000 merchants in the region. With its open-architecture ecosystem, KPay currently partners with over 150 SaaS providers, banking institutions, and financial services firms and plans to double its partnerships to support even more businesses across Asia in their financial and digital transformation journey.

Davis Chan, Co-founder and CEO of KPay, says, “I am incredibly proud of this financial milestone our team has achieved. We are excited to use this funding to not only expand our existing markets’ SME merchant base, but also broaden our reach into new merchant industry categories, merchants of all sizes, and merchants operating in other underserved markets across Asia. This will bring us closer to our ambitious goal of supporting one million merchants over the next five years”

Christopher Yu, President and CFO of KPay, adds, “Securing this funding gives us financial strength and flexibility to enhance our product innovation, go-to-market speed, customer experience, and operational excellence. All of this is with our merchants in mind, in making it even simpler, smarter, and more cost-effective for them when using KPay’s services. To do this, we need to continue to attract the best partners and global talent to join us, who share the same ambition to work alongside us to achieve the company’s vision and mission.”

Matteo Stefanel, Co-Founder and Managing Partner at Apis Partners, comments: “We are thrilled to lead this investment in KPay, a unique company demonstrating remarkable growth under the leadership of seasoned third-time founders and an exemplary management team. As one of the most active global fintech investors in growth-stage companies, Apis is eager to bring our domain expertise to support this exciting phase of KPay’s journey. With this combination of both financial strength and execution excellence, we look forward to a long-term partnership with KPay, to support their regional expansion, and spearheading next-gen financial management solutions in Asia’s diverse payments and software sector.”

Udayan Goyal, Co-Founder and Managing Partner at Apis Partners, adds: “As a financial services-focused investor, we recognise the unique value KPay brings to the market through its commitment to empowering merchants with accessible, impactful financial tools. This investment aligns perfectly with our ESG and Impact mandate to foster sustainable and inclusive growth within the financial sector, promoting the democratisation of finance, embedded finance and the deepening of the digital economy. We look forward to supporting KPay as it scales, helping the company deliver meaningful financial solutions across Asia.”

Hashtag: #KPay #KConnect #KFund #SME #funding #fundraising #privateequity #payin #payout #finance #apispartners

The issuer is solely responsible for the content of this announcement.

About KPay Group

KPay Group (“KPay”) is a leading fintech company dedicated to empowering businesses of all sizes with simple, smart, seamless and secure technology solutions. Serving over 45,000 merchants across Hong Kong, Singapore, and Japan, KPay is building a one-stop platform to support merchants in financial management, business operations and digital transformation across Asia, unlocking new growth potential for businesses. For the latest updates, follow us on or visit our website at .

About Apis Partners

The Apis Group (“Apis”) is an ESGI-native private equity and venture capital asset manager that supports growth-stage financial services and technology businesses globally by providing them with catalytic growth equity capital. Collectively Apis, through its team of around 40 professionals with deep industry expertise, manages or advises on total AUM of c.US$2.3 billion.

Headquartered in London, Apis has representation in seven countries globally. Apis is highly conscious of the impact that the provision of growth capital for financial services and technology businesses in global markets can achieve, and as such, financial inclusion and financial wellness are core tenets of Apis’ impact investment approach.