Apis Growth Fund II announces investment in leading B2B payment network DT One

LONDON and SINGAPORE, May 18, 2022 /PRNewswire/ — Apis Growth Fund II, a private equity fund managed by Apis Partners LLP (“Apis Partners”), a UK-based asset manager supporting growth-stage financial services and corporates financial infrastructure company, today announced an investment in DT One, a leading global B2B digital micropayments platform that powers cross-border transfers of mobile recharges, data plans, gaming pins and card- gifts.

DT One was founded over 15 years ago with the goal of providing mobile operators with the infrastructure and services they needed to help migrant workers and diaspora communities stay in touch with their families. and their friends back home. Today, DT One customers use its proprietary platform to power cross-border micropayments in the form of airtime and data plan recharges for billions of prepaid phones in more than 160 countries, and it enables mobile users to trade or buy more than 9,000 digital contents. and gift card products.

More than 1,000 enterprise customers are already using DT One’s solutions, and annual transaction volumes have continued to double each year. Recently, the company has also successfully expanded its offering, leveraging its platform to enable small-value payments within the creator economy.

Backed by funding from Apis Growth Fund II, DT One plans to further expand its global footprint by continuing its organic expansion, invest more in product development and commercial excellence, and pursue new acquisitions and partnerships. .

Fintech investment specialist Apis Partners was attracted to the differentiated payments opportunity presented by DT One and the strong collaborative culture of its solutions-focused team. As a native ESGI investor, Apis Partners will use its industry expertise to ensure that the sustainability and societal impact of investing in DT One is maximized. This partnership will enable the continued expansion of DT One’s network, enabling the diaspora to securely make low-value payments internationally cost-effectively, and enable broad access to telecommunications services in emerging markets. growth.

“We have been extremely impressed with DT One’s acceleration of market penetration and how their products have impacted so many users around the world. It’s a testament to their continued commitment to providing a safe, fast and convenient for people to stay connected and help businesses monetize and increase engagement in the app. We are excited to support them as the business enters the next stage of its growth journey,” mentioned Matteo StefanelCo-Founder and Managing Partner, Apis Partners.

“We are delighted to partner with DT One, which we see as a great digital payments opportunity. The company is already a leader in its field and led by an experienced management team with a proven track record in growing payment businesses. We believe our industry expertise will complement the team as it prepares to expand its global footprint,” mentioned Udayan GoyalApis Partners Co-founder and Managing Partner.

“DT One solves the challenges of developing markets where prepaid services are prevalent and data usage is exploding. We have a strong network of over 550 mobile operators with renowned digital voucher partnerships. Apis Partners recognizes our achievements, and has decided to support us in our next stage of growth and diversification,” mentioned Caluwe StoneCEO of DT One.

“Over the past several years, DT One has remained a rapidly growing company while generating increasing levels of profitability each year. This investment from Apis will help accelerate our growth trajectory and fuel our acquisition strategy. mentioned Dan GardnerCFO of DT One.

About Apis Partners

The Apis Group (“Apis”) is a global ESGI-native private equity and venture capital asset manager that supports growth-stage financial services and financial infrastructure companies around the world through their providing catalytic growth capital. Collectively, Apis, through its team of approximately 30 professionals with deep industry expertise, manages or advises investors’ total committed capital (including drawn and invested capital) of more than US$1.2 billion.

Including its seat at LondonApis is represented in seven countries across Europe, Middle East, Africa and Asia. Apis is keenly aware of the development impact that providing growth capital can have for financial services and financial infrastructure businesses in growing markets, and as such, financial inclusion is a fundamental principle. of Apis’ investment approach and mandate. Apis became a signatory to the United Nations-backed Principles for Responsible Investment (UNPRI) when the company was established in 2014. https://apis.pe/

About DT One

DT One is a leading B2B digital transfer network for mobile recharges and data solutions. It interconnects more than 1,000 telecom, digital and business partners in 160 countries, delivering smart digital connectivity solutions to more than 5 billion mobile consumers in emerging economies, helping them maintain quality digital and social connections. www.dtone.com.

Among the many customers who have joined the DT One network over the years, to name a few: mobile operators AT&T, Ooredoo, Saudi Telecom and Vodafone, South East Asia great leading app Grabonline payment platform PayPalmobile money wallet Coins.phand global money transfer operators MoneyGram, Western Union and WorldRemit


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Elaine R. Knight