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Apis Partners Group

Apis Partners Group

London, United Kingdom·Founded 2014··apis.pe

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.

AUM
€2.1B
Funds
3
vintages 2017–2024
Portfolio
19
Exits
4
SectorsFinancials

Key facts

HQLondon, United Kingdom
Founded2014
Employees40+
Websiteapis.pe

Recent exits

Adumo
Adumo
Fintech2024 · 5yr hold
Star Health
InsurTech2024 · 8yr hold
Direct Pay Online
Fintech2021 · 5yr hold
Transfast
Transfast
Fintech2019 · 2yr hold

Coverage notes

3 funds tracked, 23 portfolio companies (19 active · 4 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

23 companies
Fintech
20 · 87%
InsurTech
2 · 9%
EdTech
1 · 4%

Funds & portfolio

Every fund Apis Partners Group has raised, with its portfolio companies. Hand-checked from public filings.

3 funds
Apis Growth Fund IIIGrowth
2024 · 2yr€1.1B7 active

Unrealized

7 held
BIPO
BIPOActive
FintechSingapore· Entry 2026
KPayActive
FintechHong Kong· Entry 2024
LeapActive
EdTechIndia· Entry 2025
Moneybox
MoneyboxActive
FintechUK· Entry 2024
Paymentology
PaymentologyActive
FintechUK· Entry 2026
RoojaiActive
InsurTechThailand· Entry 2025
Thunes
ThunesActive
FintechSingapore· Entry 2025
Apis Growth Fund IIGrowth
2019 · 7yr€518M11 active

Unrealized

11 held
CashfreeActive
FintechIndia· Entry 2020
Coda
CodaActive
FintechSingapore· Entry 2022
DOKUActive
FintechIndonesia· Entry 2021
EZRAActive
FintechUnited Arab Emirates· Entry 2023
GOTymeBankActive
FintechPhilippines· Entry 2021
Hero FinCorp
Hero FinCorpActive
FintechIndia· Entry 2020
FintechIndia· Entry 2019
MNT-HalanActive
FintechEgypt· Entry 2021
moneyview
moneyviewActive
FintechIndia· Entry 2022
FintechSouth Africa· Entry 2023
XoxodayActive
FintechIndia· Entry 2021
Apis Growth Fund IGrowth
2017 · 9yr€264M1 active · 4 realized

Unrealized

1 held
EPSActive
FintechIndia· Entry 2016

Realized

4 exits
Adumo
AdumoExited 2024
FintechSouth Africa· Entry 2019
Trade Saleto
Direct Pay OnlineExited 2021
FintechKenya· Entry 2016
Trade Saleto
Star HealthExited 2024
InsurTechIndia· Entry 2016
Secondaryto
Transfast
TransfastExited 2019
FintechUS· Entry 2017
Trade Saleto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Matteo Stefanel
Co-Founder and Managing Partner
Udayan Goyal
Co-Founder and Managing Partner

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Last updated July 2026 · Sourced from public filings · Report an issue