Singapore-based fintech startup Qashier has raised $6.1 million in Series A+ funding to accelerate its expansion across Southeast Asia, as the profitable company doubles down on its all-in-one merchant operating system for small and medium-sized businesses.
The raise comes as Qashier reaches an important milestone. Unlike many venture-backed fintech startups that continue to prioritize growth over profitability, the company says it is now profitable while processing more than $1 billion in annual payment volume. The achievement underscores growing demand from merchants for integrated software that combines payments, point-of-sale systems, customer loyalty programs, and business management tools within a single ecosystem.
The funding round was led by Cocoon Capital, IFP Securities and BlackSoil Global, with participation from strategic angel investors. Qashier plans to use the fresh capital to strengthen its omnichannel payment capabilities, expand its embedded financial services, introduce more AI-powered business intelligence and workflow automation features, and enhance solutions for multi-location businesses across the food and beverage, beauty, and wellness sectors.
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Founded in 2019, Qashier has evolved from a point-of-sale provider into a comprehensive merchant operating system serving more than 20,000 businesses across Singapore, Malaysia, Thailand and the Philippines. Its software enables merchants to manage payments, inventory, customer engagement and day-to-day operations from a unified platform, reducing the need to rely on multiple software providers.
The investment also reflects continued investor confidence in Southeast Asia’s merchant technology market, where businesses are increasingly seeking digital solutions that extend beyond payment processing. As competition intensifies among regional fintech companies, demand is shifting toward integrated commerce platforms that combine embedded finance, operational software and AI-driven insights to help merchants streamline operations and improve efficiency.
Qashier’s latest funding follows a period of strong operational momentum, with the company reporting a 61% increase in annual recurring revenue during 2025 while maintaining monthly profitability. The new capital is expected to support its next phase of regional growth as it seeks to strengthen its position as one of Southeast Asia’s leading merchant operating systems.
