PANews reported on December 3 that KPay Group, a Hong Kong payment, financial management and business operation platform, officially announced the completion of its first round of institutional financing of US$55 million, led by Apis Growth Markets Fund III and Apis Global Growth Fund III. This transaction is also the largest Series A financing in the global payment field so far in 2024. It is reported that KPay currently cooperates with more than 150 SaaS providers, banking institutions and financial service institutions. The new funds are intended to be used to explore the digital economy and artificial intelligence transformation, as well as to promote business expansion and strategic mergers and acquisitions.