People Matters SEA: BIPO Secures USD 50 Mn Investment from Apis Partners to Drive Global Growth

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Founded in 2010 and headquartered in Singapore, BIPO supports around 700,000 employees worldwide. The company processes nearly US$2 billion in payroll payments annually across more than 170 countries, serving nearly 6,000 corporate clients.

BIPO, a leading payroll and HR technology platform in Asia Pacific, has announced a US$50 million investment from Apis Growth Fund III¹. Apis Partners Group (UK) Limited (“Apis Partners”), a private equity firm investing in tech-enabled businesses in financial infrastructure and services, acts as the portfolio manager for Apis Growth Fund III.

This funding will expand BIPO’s proprietary payroll infrastructure and support its plan to help multinational companies enter new markets faster, the company said in a press release. The investment marks the ninth from Apis Growth Fund III, which recently held its final close at USD 1.23 billion.

Founded in 2010 and headquartered in Singapore, BIPO supports around 700,000 employees worldwide. The company processes nearly US$2 billion in payroll payments annually across more than 170 countries, serving nearly 6,000 corporate clients.

Global expansion often brings regulatory and payroll complexities for organisations. BIPO’s platform centralises payroll and HR processes to streamline cross-border operations and ensure compliance.

Michael Chen, CEO of BIPO, said: “We have developed our own proprietary payroll engines across multiple countries – a structural advantage that few in the industry can match. This USD 50 million investment from Apis Partners validates our HR technology platform and strategy to simplify international expansion.”

“With 15 years of experience operating across Asia, we have the expertise to help companies from Europe and North America expand into Asia Pacific, while giving our Asia-based clients the confidence to scale into new global markets,” Chen further said.

To execute this next phase of growth, the new investment will be directed towards accelerating BIPO’s AI capabilities and strengthening research and development across Singapore and its regional hubs.

This includes deepening the integration of agentic workflows across BIPO’s internal implementation and service delivery teams, advancing BIPO’s ambition to become Asia’s premier AI-embedded payroll and HR platform while preserving the human oversight critical to compliant payroll execution, the company said.

Built on BIPO’s native payroll engines, these enhancements aim to further support more complex decision-making and improve payroll accuracy for global workforces.

According to the company, this continued investment in product innovation will further strengthen BIPO’s flagship Human Resource Management System, Global Payroll Outsourcing, and Employer of Record services.

As an Asia-focused specialist with deep regional expertise and international connectivity, BIPO partners with organisations to drive operational efficiency, enabling both Asian businesses to expand globally and multinational corporations to scale seamlessly across Asia’s complex, fast-growing markets, the company said.

Apis Partners Group (UK) Limited is a London-based global private equity firm specialising in financial infrastructure and technology, managing or advising on US$2.3 billion in AUM.
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¹Apis Growth Fund III denotes Apis Global Growth Fund III and Apis Growth Markets Fund III

First published in People Matters (SEA) on 15 July 2026.