Fintech startup KPay, established in July 2020, is setting ambitious goals to significantly expand its presence in Singapore. The company aims to increase its merchant base from 3,000 to over 10,000 within the next year, alongside plans to double its local workforce to more than 100 employees.

KPay specializes in point-of-sale terminal solutions tailored for small and medium-sized enterprises (SMEs). Since entering the Singapore market in June 2022, KPay has already established a foothold, servicing more than 30,000 merchants across Asia.

In addition to payment processing, KPay offers SME financing solutions and a business management platform, enhancing its appeal to local businesses. On April 18, 2024, the company announced the appointments of Lytous Zhou as Chief Product Officer and Thomas Huang as General Manager for Japan, further strengthening its leadership team.

Davis Chan, co-founder and CEO, emphasized Singapore’s strategic position as a global financial hub. He stated, “Singapore’s role as a global financial nucleus offers unparalleled advantage, and will enable KPay to push the envelope further in digital payment innovations for the next generation of SMEs and merchants in this region.”

The recent launch of KPay’s Singapore office on April 12 marks a significant milestone in the company’s expansion journey, reinforcing its commitment to enhancing digital payment solutions in the region.