# Singapore's merchant-OS fintech Qashier raises US$6.125m after turning profitable on US$1bn annual payment volume
> Series A+ of equity and debt led by Cocoon Capital with IFP Securities and BlackSoil Global; 20,000+ merchants across Singapore, Malaysia, Thailand and the Philippines; profitable since December 2025

**Meta:** type: event · date: 2026-06-30 · heads: 誰の金か, 長期戦 · 6 takes · 3 lenses · 3 regions

## Summary

[Qashier](/ja/entity/fintech), a Singapore-based unified merchant operating system for Southeast Asia, raised US$6.125m in a Series A+ of equity and debt on 30 June 2026, led by Cocoon Capital with IFP Securities and BlackSoil Global plus strategic angels. It processes about US$1bn in annualised payment volume for more than 20,000 merchants across [Singapore](/ja/entity/singapore), [Malaysia](/ja/entity/malaysia), Thailand and the [Philippines](/ja/entity/philippines), and says it has been profitable every month since December 2025, with annualised recurring revenue up 61%. The company has raised under US$20m in total. Proceeds fund regional expansion, omnichannel payments, embedded finance and AI workflow tools ahead of a planned Series B.

## The split

Southeast Asian tech and venture outlets, the only ones covering it, frame Qashier as a counter-example to the region's cash-burning payments startups: small round, already profitable, capital-efficient. The story sits entirely within SEA fintech media, underlining that a profitable regional payments firm draws local attention rather than the global coverage a loss-making mega-round would.

## By the numbers

- US$6.125m, Series A+ (equity and debt).
- US$1bn, annualised payment volume.
- 20,000+, merchants across four markets.
- 61%, annualised recurring revenue growth.
- Since December 2025, monthly profitability.

## Why it matters

Profitability at a lean capital base is rare among payments firms at this scale, and a small, disciplined raise into a profitable Southeast Asian merchant platform signals a regional shift toward sustainable unit economics over growth-at-all-costs. It positions Qashier to consolidate small-merchant software across four fast-growing markets.

## What to watch

- Whether the planned Series B arrives and at what valuation.
- Expansion beyond the four current markets into Indonesia or Vietnam.
- Whether embedded lending becomes a material revenue line.

## Regional takes (batched by bias / lens)

### unlabelled
- **Qashier (PR Newswire)** (Singapore, en) — Company release with the profitability milestone, US$1bn annualised volume, 61% ARR growth and the Cocoon Capital-led investor line-up.
  > "Qashier turns profitable on US$1 billion in annual payment volume, raises US$6.125 million to accelerate regional expansion."
  Source: https://www.prnewswire.com/news-releases/qashier-turns-profitable-on-us1-billion-in-annual-payment-volume-raises-us6-125-million-to-accelerate-regional-expansion-302813979.html
- **Fintech News Singapore** (Singapore, en) — 
  Source: https://fintechnews.sg/133850/payments/qashier-series-a-funding-profitable/
- **FinTech Global** (United Kingdom, en) — 
  Source: https://fintech.global/2026/06/30/qashier-raises-6-125m-after-turning-profitable/
- **The Manila Times** (Philippines, en) — 
  Source: https://www.manilatimes.net/2026/06/30/tmt-newswire/pr-newswire/qashier-turns-profitable-on-us1-billion-in-annual-payment-volume-raises-us6125-million-to-accelerate-regional-expansion/2375455

### Southeast Asian tech
- **TechNode Global** (Singapore, en) — Regional write-up of the raise and the four-market merchant footprint, framing Qashier as a rare capital-efficient, already-profitable Southeast Asian payments firm.
  > "Qashier raises $6.1M Series A+ to expand merchant operating system across Southeast Asia."
  Source: https://technode.global/2026/06/30/singapores-qashier-raises-6-1m-series-a-to-expand-merchant-operating-system-across-southeast-asia/

### Asian venture
- **DealStreetAsia** (Singapore, en) — Names Cocoon Capital as lead and situates the small, profitable round against a Southeast Asian venture market that has grown wary of cash-burning payments plays.
  > "SG-based merchant operating system Qashier bags $6m Series A+ led by Cocoon Capital."
  Source: https://www.dealstreetasia.com/stories/qashier-cocoon-capital-487342

## Across the graph
- Related: [[ramp-series-f-2026]], [[cred-meta-investment-2026]]
- Entities: Fintech, Qashier, Singapore, Malaysia, Philippines

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Canonical: https://rbtfl.xyz/ja/n/qashier-series-a-plus-2026