London-based private equity firm Apis Partners, through its newly closed $1.23-billion fund, has invested $50 million in Asia-focused payroll payment processing and embedded workforce finance platform BIPO, per an announcement.
Headquartered in Singapore, BIPO operates across more than 50 offices globally, supporting more than 5,600 SME and enterprise clients and processing about $2 billion in payroll payments annually.
Its client base includes global businesses across industries such as technology, pharmaceuticals and life sciences, luxury retail, banking and finance, logistics, and asset management.
Apis said it will support BIPO in pursuing global M&A activity, as well as in deepening its financial services product suite, including Treasury and FX capabilities.
BIPO will continue its investment in AI, deepening the integration of agentic workflows across its implementation and service delivery, advancing its ambition to become Asia’s AI-native payroll and HR platform serving global clients, the firm added.
“Payroll and workforce management sit at the core of how companies operate across borders and are among the most mission-critical elements of the global financial system, requiring deep regulatory understanding, precision and consistent execution,” said Matteo Stefanel, Co-Founder and Managing Partner, Apis Partners.
The firm’s other co-founder, Udayan Goyal, added: “At Apis, we focus on backing platforms that form part of the underlying financial infrastructure of the global economy, where technology can drive both commercial outcomes and systemic impact.”
BIPO marks the ninth investment out of Apis Growth Fund III, which was closed in May and more than doubles its predecessor in size.
The fund has invested in financial service platforms in Asia, such as prepaid digital goods company Coda Recharge, Thai insure-tech startup Roojai, and Singapore-based digital payments infrastructure firm Thunes.
