Apis Growth Fund II Announces Investment in Leading B2B Payment Network DT One
Apis Growth Fund II, a private equity fund managed by Apis Partners LLP (“Apis Partners”), a UK-based asset manager that supports growth stage financial services and financial infrastructure businesses, has today announced an investment in DT One, a leading global B2B digital micropayments platform powering cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards.
DT One was founded over 15 years ago with the aim of providing mobile carriers with the infrastructure and services they needed to help migrant workers and diaspora communities stay in touch with family and friends back home. Today, DT One’s customers use its proprietary platform to power cross-border micropayments in the form of airtime and data bundle top-ups to billions of prepaid phones in more than 160 countries, and it allows mobile users to redeem or purchase over 9,000 digital content and gift card products.
More than 1,000 enterprise customers already use DT One’s solutions, and annual transaction volumes have continued to double yearly. Recently, the company has also successfully expanded its offering, leveraging its platform to enable small‐value payments within the creator economy.
Supported by the funding from Apis Growth Fund II, DT One plans to further expand its global footprint by continuing its organic expansion, invest further into product development and commercial excellence, and pursue new acquisitions and partnerships.
Fintech investment specialist Apis Partners was drawn to the differentiated payments opportunity presented by DT One and the strong collaborative culture of its solutions-focussed team. As an ESGI-native investor, Apis Partners will be using its sector specific expertise to ensure that the sustainability and societal impact of the investment in DT One is maximised. This partnership will enable the continued broadening of DT One’s network, allowing diaspora to safely remit low value payments internationally in a cost-effective way, and enable broad telecommunication service access across growth markets.
“We have been extremely impressed with DT One’s accelerating market penetration and how their products have touched so many users around the world. It is a testament to their continued commitment to delivering a safe, fast and convenient experience for people to stay connected and help businesses monetise and increase in-app engagement. We are excited to support them as the company enters a new stage in its growth journey,” said Matteo Stefanel, Co-founder and Managing Partner, Apis Partners.
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