Apis Invests in B2B Micropayments Platform DT One

Private equity fund Apis Growth Fund II is investing in B2B digital micropayments platform DT One to help the Singapore-based company continue expanding into more countries and explore new M&A opportunities.

Founded in 2005, DT One’s platform powers cross-border mobile micropayments in the form of additional airtime and data top-ups, according to a press release Wednesday (May 18). The top-ups are added to prepaid phones in over 160 countries and can be used by mobile phone customers for gaming pins and gift cards.

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“DT One solves challenges in developing markets where prepaid services are predominant and data usage is exploding,” said Peter de Caluwe, CEO of DT One. “We have a strong network of more than 550+ mobile operators with marquee partnerships for digital vouchers.”

He added that the company is gratified Apis recognized DT One’s achievements and offered support during this “next stage of growth and diversification.”

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Apis Growth Fund II is managed by Apis Partners LLP, an asset manager headquartered in London that supports growth-stage financial services and financial infrastructure businesses. Apis Partners is also an ESGI-native investor and will work to make sure the “sustainability and societal impact of the investment in DT One is maximized,” per the release.

The partnership between the two firms is also intended to expand DT One’s network, “allowing [the] diaspora to safely remit low-value payments internationally in a cost-effective way, and enable broad telecommunication service access across growth markets.”

Matteo Stefanel, co-founder and managing partner at Apis Partners, said the company was “extremely impressed” with DT One’s rapid pace of 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 monetize and increase in-app engagement,” Stefanel continued.

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DT One’s solutions are being used by over 1,000 enterprise clients and the firm has doubled its transaction volume every year, according to the release. The company also recently added a tool for small value payments in the creator community.