Finch Capital has previously supported Ireland’s NomuPay, AccountsIQ and Webio.
UK payments company Apexx Global has bagged strategic investment of up to $10m from Dutch VC Finch Capital.
Apexx, co-founded by Peter Keenan, specialises in merchant-centric payment orchestration. The payments company enables enterprise merchants to access the entire global payments through a single API, it said.
It allows transactions to route across the global payments ecosystem, which, it claimed increases acceptance rates, reduces processing costs, improves conversion rates and lowers processing costs.
Investment from Finch comes after the 2016-founded Apexx bagged some big name customers, including Jet2, Iglu.com and Norse Atlantic, towards the end of last year. According to the company, the customer additions take the business to the brink of break-even revenue.
Finch’s investment will be used to power Apexx’s next phase of growth, it said, supporting product innovation and international expansion as the demand for smarter payment orchestration continues to rise.
As part of the investment, Finch Capital managing partner Radboud Vlaar will be joining Apexx Global’s board as chairperson.
“Apexx Global has built a truly differentiated payment orchestration platform with a clear focus on merchant outcomes,” Vlaar said.
“Payments is a global, complex and rapidly evolving space, and Apexx’s ability to intelligently optimise acceptance and cost at scale positions them exceptionally well. We are excited to partner with the team and support the next phase of international growth in travel and beyond.”
Finch Capital manages in excess of €500m in assets under management and has backed more than 50 portfolio companies across Europe and the US.
It has backed companies in Ireland, including the likes of Dublin-based payments company NomuPay, Aylien, which was acquired by analytics company Quantexa in 2023, AccountsIQ, Supply Finance, and Webio, which was acquired by Aryza last year.
“Finch Capital brings exactly the combination of payments expertise, international perspective, and growth experience we were looking for,” said Keenan, the company’s CEO.
“This investment is a strong validation of our strategy and technology, and Radboud’s appointment as chairman further strengthens our leadership as we scale globally.
“Our focus remains clear – delivering measurable value for merchants by simplifying payments and driving better outcomes.”
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