APEXX Global demonstrates confidence in face of Brexit uncertainty
- 30.09.2019 12:21 pm
APEXX Global, the first single marketplace for global payments, is today announcing its confidence in Britain as a continued leader in FinTech, despite the uncertainty around Brexit, by unveiling future plans following an unprecedented 12 months of growth.
APEXX Global consolidates payment providers into a single integration point, optimising the cost of complex payment ecosystems, by acting as a payment orchestration layer. Since launching in 2017, the platform has introduced much-needed transparency to the payments industry, fuelling market confidence. APEXX Global is now setting out the company vision for the next five years and signalling how the product will be developed.
Following a successful 2019, which saw APEXX Global secure additional funding, the company has plans to grow significantly over the coming years. Hiring Rajesh Nichani as its new Chief Technology Officer, APEXX Global is backing local talent.
Rajesh joins following seven years of holding senior positions at WorldPay, and previous experience at Visa. The new hire comes off the back of significant team growth within the company. Additional hires have taken the total number of APEXX staff to 40, and the team has now moved to new premises on the Silicon Roundabout to accommodate this growth.
Commenting on Rajesh’s appointment, APEXX’s CEO & co-Founder Peter Keenan, says, “We’re delighted that Rajesh is joining APEXX during this exciting period. Over the past year our tech team has taken the platform to the next level and we know that with Rajesh’s vast experience we will continue to revolutionise the payments industry.”
Over the past year, APEXX Global has seen huge client growth, with global brands in the travel and retail industries adopting the platform. All are now seeing savings upwards of 15% on the cost of processing payments from cards and alternative payment methods, such as Apple Pay and Alipay.
2019 has also seen the introduction of APEXX Global in Russia, with the ability to process payments through the national Mir payment system. The platform also partnered with three of Russia’s largest banks - Sberbank, VTB, and Alpha Bank.
On a global scale, the start-up will begin to expand its proposition in APAC regions and North America, as well as this, APEXX Global will also be collaborating with more local banks and alternative payment methods to offer to merchants.
In the coming six months, APEXX joins 22 other companies, described as the most promising bridge-stage, fintech companies in the UK for the second instalment of Tech Nation’s Fintech growth programme. This is part of HM Treasury’s Fintech Sector Strategy to maintain the UK’s place as a world leader in the sector.
By September 2020, APEXX Global intends to have further developed the platform’s analytical capabilities so customers have greater visibility and are better able to identify cost reductions. Merchants will also have access to more fraud prevention solutions as well as in-house tools.
Looking ahead to the next five years, APEXX Global hopes to achieve further international partnerships and financial licences, which it will complement by opening additional offices in Asia, Europe and North America.
Rodney Bain, co-founder and MD of APEXX Global, says, “The UK has long been considered the world’s fintech hub, but confidence in the industry has dropped thanks to Brexit uncertainty. At APEXX Global we’ve had a year of incredible growth and have made huge strides in taking our platform to being best-in-class. Despite Brexit, I’m really confident about what the future holds for us on an international scale and can’t wait to introduce new elements of the platform to our current, and future, clients.”