Apis Partners Group
Apis Partners is a London-headquartered private-equity firm founded in 2014 that invests in tech-enabled financial infrastructure and services across Europe and global growth markets, focusing on profitable payments, insurance and credit businesses. The firm manages around USD 2.3 billion of assets across three growth-equity funds and was ranked the top financial-services specialist and number two globally in the 2025 HEC Paris-Dow Jones Growth Equity Investor Ranking. The investing entity, Apis Partners Group (UK) Limited, is authorised and regulated by the UK Financial Conduct Authority under firm reference number 1013608. Funds I, II and III raised USD 287 million, USD 563 million and USD 1.23 billion respectively.
Apis Partners Group is a London growth equity firm with €2.1B AUM, 23 active companies and 4 exits.
- ·3 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 4 realized deals: 5 years.
- ·Top sector focus: Fintech (81% of portfolio).
- ·Fund cadence: ~4Y between vintages · last raise 2024.
Sector breakdown
27 companiesGeography breakdown
14 geographiesKey facts
Recent exits
Apis Partners Group sold Adumo to Lesaka Technologies in 2024 after 5 years.
Apis Partners Group sold Star Health to ICICI Prudential Life, HDFC Mutual Fund, East Bridge Capital and Morgan Stanley Asia Singapore (among buyers) in 2024 after 8 years.
Apis Partners Group sold Direct Pay Online to Network International in 2021 after 5 years.
Apis Partners Group sold Transfast to Mastercard in 2019 after 2 years.
Coverage notes
3 funds tracked, 27 portfolio companies (23 active · 4 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Apis Partners Group has raised, with its portfolio companies. Hand-checked from public filings.
Apis Growth Fund IIIGrowth2024€1.1B11 assetsGrowth2024 · 2yr€1.1B11–
Unrealized
11 heldApis Growth Fund IIGrowth2019€518M11 assetsGrowth2019 · 7yr€518M11–
Unrealized
11 held| Company | Entry |
|---|---|
| Cashfree Fintech · India | 2020 |
| Coda Fintech · Singapore | 2022 |
| DOKU Fintech · Indonesia | 2021 |
| EZRA Fintech · United Arab Emirates | 2023 |
| GOTymeBank Fintech · Philippines | 2021 |
| Hero FinCorp Fintech · India | 2020 |
| L&T Infra Debt Fund Fintech · India | 2019 |
| MNT-Halan Fintech · Egypt | 2021 |
| moneyview Fintech · India | 2022 |
| Peach Payments Fintech · South Africa | 2023 |
| Xoxoday Fintech · India | 2021 |
Apis Growth Fund IGrowth2017€264M1 assets4 exitsGrowth2017 · 9yr€264M14
Unrealized
1 held| Company | Entry |
|---|---|
| EPS Fintech · India | 2016 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Adumo Fintech · South Africa | 2019 | 2024 | Trade Sale | Lesaka Technologies | – |
| Direct Pay Online Fintech · Kenya | 2016 | 2021 | Trade Sale | Network International | – |
| Star Health InsurTech · India | 2016 | 2024 | Secondary | ICICI Prudential Life, HDFC Mutual Fund, East Bridge Capital and Morgan Stanley Asia Singapore (among buyers) | – |
| Transfast Fintech · US | 2017 | 2019 | Trade Sale | Mastercard | – |
About Apis Partners Group
Apis Partners Group is a UK specialist emerging markets and frontier fintech private equity firm with $2.3 billion of assets under management as of December 2024, headquartered in London with offices in Dubai and Singapore. The firm was founded in 2014 by Matteo Stefanel and Udayan Goyal, operating as a partner-owned independent platform and FCA-regulated as Apis Partners Group (UK) Limited. The platform reaches approximately 244.9 million end-users globally via its portfolio.
Investment thesis
Apis Partners Group deploys capital through three main vehicles (Apis Growth Fund I, Apis Growth Markets Fund II, Apis Growth Markets Fund III also known as Apis Global Growth Fund III) plus a Special Situations vehicle, targeting growth-stage minority equity with strong governance rights in essential financial infrastructure businesses. Sector focus spans payments infrastructure, digital banking, insurance technology, lending, financial platforms and wealth management, with emphasis on responsible and impact investing. Geographic deployment spans Europe plus Growth Markets across Africa, Middle East, South and Southeast Asia and Latin America, supported by hands-on operational support throughout the investment cycle.
Recent activity
Recent realised exits include insurance technology (2025), financial services and lending (2025) and payments (2024). Recent acquisitions include Paymentology co-led $175 million round (May 2026), Moneybox led $92 million round (2025) and KPay led $55 million Series A (December 2024). The platform continues active deployment across its emerging markets fintech thesis through Fund III.
Frequently asked questions
- What investment strategy does Apis Partners Group focus on?
- Apis Partners Group focuses on Growth strategies in the private equity space.
- How many portfolio companies does Apis Partners Group have?
- Apis Partners Group has 23 active portfolio companies and 4 completed exits and 3 funds tracked on GP Intel.
- Where is Apis Partners Group headquartered?
- Apis Partners Group is headquartered in London, United Kingdom.
- What is Apis Partners Group's assets under management?
- Apis Partners Group manages approximately €2.1B in assets under management.
- When was Apis Partners Group founded?
- Apis Partners Group was founded in 2014.
- What sectors does Apis Partners Group invest in?
- Apis Partners Group invests across Financials.
- What are Apis Partners Group's recent exits?
- Recent realized exits by Apis Partners Group include: Adumo (2024) to Lesaka Technologies; Star Health (2024) to ICICI Prudential Life, HDFC Mutual Fund, East Bridge Capital and Morgan Stanley Asia Singapore (among buyers); Direct Pay Online (2021) to Network International; Transfast (2019) to Mastercard.
Similar firms
Other private equity firms tracked on GP Intel.
United Kingdom·€2.0B
United Kingdom·€2.0B
United Kingdom·€1.9B
United Kingdom·€2.3B
United Kingdom·€2.3B
United Kingdom·€2.3B
United Kingdom·€1.8B
United Kingdom·€1.8B
United Kingdom·€1.7B
United Kingdom·€1.7B
United Kingdom·€1.6B
United Kingdom·€1.5B