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Kapaga secures £1.5 million Seed investment led by Target Global

Kapaga, the UK-based cross-border payment platform for small and medium enterprises (SMEs), has announced a £1.5m funding round led by Target Global and with participation from well-known angel investors in the fintech space, Chris Adelsbach, Andreas Mihalovits, and Mark Ransford.

Kapaga is a cross-border payments platform opening business accounts and providing multi-currency payment services to small and medium-sized companies in the UK, and soon to Continental Europe. It delivers cloud-based technologies to automate customer onboarding and streamline international payments. In one year, Kapaga has redefined what Fintech means to its SME customers by providing integrated payment solutions and subsequently, a greater international presence.

Launched in 2021 by Katya Dorofejeva, Kapaga’s rapid success is a testament to the versatile payment solutions it offers its clients. Kapaga has a host of B2B payment services designed to serve this smaller but no-less globalised market of SMEs and start-ups. Kapaga’s cloud architecture offers companies transparency and efficiency in streamlining cross-border payments, allowing them to send and bill money to 190+ countries in numerous currencies via one secure and streamlined application. 

Many SMEs lack access to a modern payment infrastructure or are rejected by traditional financial services providers who are very rigid in the types of solutions they can offer their clients. Targeting this underserved segment of newly formed businesses, Kapaga has won the trust of more than 150 clients, by giving them the ability to scale their businesses internationally and contributing to the overall success of the company.

With a rapidly growing team of more than 20 employees who work remotely from across the globe, Kapaga will be expanding its operations across the EU this summer.  This will allow Kapaga to continue to build out its platform as it looks to introduce mass global payments and virtual cards in the coming months.  

Success is not given, it is earned. Congratulations to the entire team at Kapaga on your funding. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

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