• Fund III closes 23% above target, more than double Fund II 
• Around 50% of capital raised from existing LPs increasing commitments 
• Fund III to invest in tech-enabled financial infrastructure and services  companies across Europe and growth markets 

London / Dubai / Singapore, 7 May 2026 – Apis Partners Group (UK) Limited (“Apis”), a  private equity firm investing in tech-enabled businesses in financial infrastructure and  services, today announced the final close of Apis Global Growth Fund III and Apis Growth  Markets Fund III (the “Funds” or “Fund III”), with combined commitments of $1.23 billion  excluding co-investments, more than double its predecessor, Apis Growth Fund II, at  $563 million. 

The Funds closed 23% above target. Reflecting the strong performance of previous funds,  which have already generated in excess of $1 billion in realisations to date, over 70% of  existing LPs have re-upped and increased on their previous fund’s commitments, accounting for around 50% of the total capital raised in Fund III. The significant increase  in fund size allowed Apis to welcome a number of new investors to its global institutional  investor base, including sovereign and supranational investors alongside banks, insurers,  pension funds, funds of funds and foundations. 

Fund III will build on the strength of Fund II to invest meaningful minority stakes in high  growth, profitable financial infrastructure and services businesses in Europe and select  growth markets globally. An active deployer of capital in the sector, Apis has invested  approximately $400 million from Fund III across seven investments to date. These include  MoneyBox, a leader in the UK digital wealth management space, Coda Recharge, a  leading European and Asian platform for prepaid digital goods, and Thunes, a global  provider of cutting-edge digital payments infrastructure enabling instant cross-border  money transfers, payment acceptance, and acquiring services headquartered in  Singapore. 

Matteo Stefanel, Apis Co-Founder and Managing Partner said: 

“We are delighted to welcome so many new and returning investors into Fund III. We  continue to see opportunities in our target segment of profitable, high growth, tech enabled financial infrastructure and services companies. We are well on our way to  replicating the success of previous funds, by leveraging our experience in this sector and  bringing capital and connectivity to our portfolio companies as we invest in the conduits  to global economic activity, the pipes of the finance industry.”

Udayan Goyal, Apis Co-Founder and Managing Partner added: 

“We are incredibly grateful to our investors for their strong support of our sector-focused  strategy, validating our belief that specialist funds outperform generalist funds. We look  forward to continuing to invest in our key themes of embedded finance, democratisation  of finance and the deepening of the digital economy through capital-light, high growth  disruptive business models around the world whilst applying our proprietary impact  methodology.” 

The close of Fund III marks an active 12 months including three investments and  realisations including exiting iKhokha and Baobab to Nedbank and Beltone Capital  respectively. Apis was the highest ranked European private equity firm in HEC Dow-Jones’  growth capital private equity performance ranking and second globally, underscoring its  consistent outperformance in delivering strong returns to investors, in May 2025. 

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About Apis 

Headquartered in London, Apis Partners (“The Firm”) is a private equity firm investing in  tech-enabled financial infrastructure and services across Europe and growth markets,  with US$2.3 billion AUM. The Firm invests in profitable, proven business models,  partnering with management teams to support long-term growth and value creation. 

For more than a decade, we have invested in essential businesses across payments,  insurance, and lending, that are the conduits through which the global economy flows.  These businesses are core to their customers’ lives, embedded within regulatory and  operational frameworks, and attractive to a global universe of strategic acquirers. 

With a team of over 40 professionals across three locations in London, Dubai and  Singapore, The Firm leverages decades of sector expertise and unrivalled networks. Our  team brings deep industry expertise with an international perspective, from sourcing and value creation through to strategic exits. We are active and engaged owners, working in  partnership with founders and management teams to support operational scaling,  governance and international expansion. Responsible investment is embedded in how  we operate, with ESG and impact considerations fully integrated throughout our  investment process 

The Firm's strong track record of returns to investors was reflected when it was the  highest-ranked financial sector-focused firm and #2 globally in the 2025 HEC Paris-Dow  Jones Growth Equity Investor Ranking. 

https://apis.pe/ 

Follow Apis Partners on LinkedIn: https://www.linkedin.com/company/apis-partners/

Media Contacts 

Global 

Stephanie Mullard | stephanie.mullard@apis.pe | +44 7377 952886 Camarco | apis@camarco.co.uk 

Middle East 

APCO Worldwide 

Georgine Whittle | gwhittle@apcoworldwide.com | +971 52 762 5998