Apis Partners
Apis Partners is a London-based private equity manager founded in 2014 that invests exclusively in tech-enabled financial infrastructure and services companies across Europe and growth markets, raising capital from institutional limited partners via sector-specialist funds.
- Company typePrivate
- Founded2014
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Apis Partners does
Apis Partners is a London-headquartered private equity manager founded in 2014 by Matteo Stefanel and Udayan Goyal, specialising exclusively in tech-enabled financial infrastructure and services across Europe and growth markets (Africa, Middle East, South and Southeast Asia). The firm invests minority capital with strong governance rights into growth-stage businesses with proven unit economics, spanning payments infrastructure (Paymentology, Thunes, Coda, KPay, Cashfree), digital banking (GOTymeBank, Moneybox), insurance technology (Roojai, Renewbuy), lending (MNT-Halan), and adjacent embedded-finance verticals including payroll and education finance (BIPO, Leap). Apis pursues a hands-on value-creation model focused on M&A sourcing, management-team strengthening, geographic expansion, and active exit management to strategic acquirers.
The firm operates three global offices (London, Dubai, Singapore) with 40+ investment professionals and is authorised and regulated by the UK Financial Conduct Authority (FRN 1013608). It markets and distributes its funds through private placements to institutional limited partners including sovereign wealth funds, pension funds, and foundations, complemented by annual investor conferences, industry events, and thought-leadership content. Underlying technology at the firm level is limited to investor-relations and impact-reporting infrastructure, including the proprietary Apis Impact Management System (AIMS); the firm's competitive differentiation is sector specialisation, regulatory connectivity across multiple jurisdictions, and LP relationship depth rather than technology.
Revenue is generated through two streams: recurring management fees calculated as a percentage of committed or invested capital across its funds, and performance-based carried interest aligned with LP returns upon successful exits. Apis has raised three successive funds of increasing size ($287M Fund I, $563M Fund II, $1.23B Fund III) and reached $2.3B in aggregate assets under management, with cumulative portfolio realisations exceeding $1B across Fund I and Fund II in Q1 2026.
Apis Partners firmographics
Firmographics- Name
- Apis Partners
- Legal name
- Apis Partners Group (UK) Limited
- Website
- https://apis.pe
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Apis Partners is a London-based private equity manager founded in 2014 that invests exclusively in tech-enabled financial infrastructure and services companies across Europe and growth markets, raising capital from institutional limited partners via sector-specialist funds.
- Ownership category
- akta.pro rank
Apis Partners industry classification
Industry- Product category
- Private Equity Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Miscellaneous Intermediation (523910)
- SIC
- Investors, Nec (6799), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
- akta.pro secondary industries
- Telecom, Networking & Infrastructure Growth Equity (FSANACAJ), Private Equity Fundraising Placement (FSAEALAB)
Keywords
Where Apis Partners is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Apis Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: Apis earns management fees on funds under management, typically calculated as a percentage of committed capital or invested amount.
- Carried Interest: Performance-based carried interest from fund investments, aligning Apis with LP returns upon successful exits.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Apis Partners product offering
Product offeringCore offering
Apis Partners is a private equity asset manager that raises and deploys capital through investment funds (Fund I, II, III) into growth-stage, tech-enabled financial infrastructure and services companies across Europe and growth markets. The firm takes minority positions with strong governance rights, providing hands-on strategic support including M&A sourcing, management team strengthening, and geographic and product expansion assistance to portfolio companies. Revenue is generated through management fees on assets under management and carried interest from successful exits.
Product overview
Apis Partners is a private equity firm that invests exclusively in tech-enabled financial infrastructure and services companies. Rather than offering a unified software product or platform, the firm deploys capital into a portfolio of growth-stage businesses across payments infrastructure, digital banking, insurance technology, lending, and workforce finance platforms. The firm's investment products are structured as private equity funds (Fund I at $287 million, Fund II at $563 million, and Fund III at $1.23 billion), which provide growth capital, strategic guidance, and operational support to portfolio companies including Moneybox (digital wealth management), Paymentology (card issuing and processing), Coda (digital content monetization), GOTymeBank (digital banking), KPay (merchant acquiring), MNT-Halan (digital lending), BIPO (payroll and HR solutions), Roojai (direct-to-consumer insurance), Thunes (cross-border payments), and Leap (embedded education finance).
Differentiator
Problem solved
Functional benefit
Products and services
- Apis Growth Fund I The firm's inaugural private equity fund that deploys growth capital into financial infrastructure and services companies across Europe and growth markets. Targets institutional LPs as investors.
- Apis Growth Fund II The firm's second private equity fund continuing the strategy of investing in tech-enabled financial infrastructure and services companies. Returned over $400 million to investors from exits including iKhokha and Baobab.
- Apis Growth Fund III and Apis Growth Markets Fund III (Apis Global Growth Fund III) The firm's third flagship private equity fund(s) targeting tech-enabled financial infrastructure and services across Europe and growth markets. Already deployed approximately $400 million across seven investments including MoneyBox, Coda Recharge, Thunes, KPay, BIPO, and Paymentology. Includes financial inclusion focus in Africa and Asia.
Quantifiable outcome
- Portfolio realisations of over $1 billion across Fund I and Fund II in Q1 2026
- +4 more outcomes
Companies that use Apis Partners
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles2 records
Apis Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Apis Partners partnerships and signals
Strategic signalScale indicators11 records
Recent moves6 records
Expansion highlights6 records
Apis Partners competitors and assessment
Company assessmentDirect peers
- LeapFrog Investments: Global PE firm exclusively focused on financial services and insurance in growth markets, taking minority stakes in emerging market fintechs. Direct strategic and geographic peer to Apis, competing for similar assets in Africa and Asia.
- Quona Capital: Venture and growth equity firm investing in fintech across Latin America, Africa, India, and Southeast Asia. Highly comparable strategy of backing tech-enabled financial inclusion at growth stage with a similar ticket size.
- Actis: Growth markets PE firm with dedicated financial services vertical and offices in growth market hubs. Several Apis partners previously worked at Actis, making it a closely overlapping competitor in financial infrastructure deals.
- Helios Investment Partners: Africa-focused PE firm investing across financial services, consumer, and infrastructure. Direct competitor for Africa fintech deals and shares Apis's London base and Africa/MENA portfolio focus.
- Anthemis (FNZ): Fintech-focused investment and advisory firm now part of FNZ Group. Closely comparable thematic focus on financial infrastructure with both capital and advisory offerings.
Emerging players
- Novastar Ventures: East Africa-focused growth equity firm backing financial services and consumer businesses. Narrower geographic scope but overlapping sector thesis and growth-stage minority investment model.
- Goodwell Investments: Africa and Asia-focused impact investor backing financial inclusion and fintech businesses. Comparable minority growth equity approach and financial inclusion thesis, though smaller fund size.
- Elevar Equity: Emerging markets PE firm focused on financial services for the underserved. Strong overlap with Apis's financial inclusion thesis across India, Southeast Asia, and Latin America.
Regional players
- AfricInvest: Pan-African PE and venture firm with a dedicated financial services platform. Direct competitor in North and Sub-Saharan Africa fintech deals, though with a broader sector mandate.
Broad incumbents
- KKR: Global alternative asset manager with growing fintech and financial infrastructure franchise. Competes for larger growth-stage fintech deals and increasingly for the same institutional LP capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Apis Partners social profiles
Digital presenceApis Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apis Partners leadership team
Management profileNumber of profiles
Profiles13 records
Apis Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apis Partners M&A and investment
M&A and investmentM&A1 record
Investments55 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Apis Partners
What does Apis Partners do?
Apis Partners is a private equity asset manager that raises and deploys capital through investment funds (Fund I, II, III) into growth-stage, tech-enabled financial infrastructure and services companies across Europe and growth markets. The firm takes minority positions with strong governance rights, providing hands-on strategic support including M&A sourcing, management team strengthening, and geographic and product expansion assistance to portfolio companies. Revenue is generated through management fees on assets under management and carried interest from successful exits.
Is Apis Partners a public or private company?
Apis Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Apis Partners founded?
Apis Partners was founded in 2014. It employs 11 to 50 people.
Where is Apis Partners based?
Apis Partners is headquartered in London, United Kingdom, in the Europe region.
How does Apis Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Apis Partners's main competitors?
Direct peers on record are LeapFrog Investments, Quona Capital, Actis, Helios Investment Partners and Anthemis (FNZ). Emerging players are Novastar Ventures, Goodwell Investments and Elevar Equity. AfricInvest is listed as a regional player. KKR is listed as a broad incumbent.
Does Apis Partners have an API?
No public API is recorded for Apis Partners.
What industry is Apis Partners in?
Apis Partners's product category is Private Equity Asset Management. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANACAJ, Telecom, Networking & Infrastructure Growth Equity. Its NAICS code is 523940 and its SIC code is 6799.