Qashier Hits Profitability on US$1B Volume, Lands US$6.1M in Series A+

Qashier, a merchant operating system for Southeast Asia, announced a US$6.125 million Series A financing round, which consists of equity and debt. The Qashier Series A+ round was led by Cocoon Capital, IFP Securities and Blacksoil Global, and includes participation from angel investors.

The capital will be used to support the company’s regional expansion and product development plans. Christopher Choo, the co-founder and CEO of Qashier, shared,

“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.”

Michael Blakey, the Managing Partner of Cocoon Capital, added,

“Qashier’s cofounders, Christopher Choo and Franklin Zhao, have an exceptionally clear and compelling vision for what Qashier is becoming, ‘the default operating infrastructure for commerce across Southeast Asia,’ and we remain firmly committed to supporting that journey.”

Qashier plans to channel the new funding into stronger omnichannel payments, a wider suite of embedded financial services, and AI-powered insights and workflow automation.

The company will also broaden its offering for larger, multi-outlet businesses, especially in food and beverage and beauty and wellness.

Qashier now processes US$1 billion in annualised payment volume for 20,000+ merchants across Singapore, Malaysia, Thailand and the Philippines. It says it has been profitable since December 2025.

Qashier is also currently preparing a Series B round to fund its next growth phase, targeting milestones in recurring revenue, payment licensing and loan disbursements.

Featured image edited by Fintech News Singapore based on an image by viktoryvisuals on Magnific