London based global payments marketplace APEXX has raised a $4m seed round led by Forward Partners.
The global APEXX network is made up of payment service providers and banks which helps merchants to reduce the cost of cross border payment acceptance, increase sales with optimised payment transaction routing and manage multiple provider relationships through a single integration point. Using the cloud-based platform, merchants can compare costs and get expert advice on the payment providers that will best suit them. It can save merchants upwards of 15% on the cost of processing credit or debit card payments and alternative payments. APEXX will use the investment to further extend their global network of acquirers, payment providers and merchants, and fund product development.