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BIPO Accelerates Global Expansion with US$50 Million Growth Investment from Apis Partners
SINGAPORE – 15 July 2026 – BIPO, Asia Pacific’s leading payroll and HR technology platform, today announced its growth strategy following 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 investment marks the ninth from Apis Growth Fund III, which recently held its final close at US$1.23 billion.
Founded in 2010 and headquartered in Singapore, BIPO supports around 700,000 employees worldwide through its payroll and HR services. The company processes close to US$2 billion in payroll payments annually across 170+ countries and regions and serves nearly 6,000 corporate clients.
For modern organisations, the ambition to scale globally often collides with a disjointed network of local regulations, fragmented payroll systems, and administrative hurdles. BIPO aims to address this complexity through a unified technology platform that bridges the gap between international ambition and day-to-day human resources.
By blending its Human Resource Management System, Global Payroll Outsourcing and Employer of Record services, BIPO offers companies a more seamless way to manage the modern, borderless workforce.
Operating a unified global engine, the platform centralises multi-country payroll into a single operating model, and eliminates the disparate, siloed processes that historically plagued international HR departments.
To facilitate frictionless expansion, BIPO acts as a bridge to new markets through its Employer of Record services. Companies can onboard and compensate international talent swiftly, maintaining full transparency over data, leave, and expenses within a singular interface.
Compliance is built directly into the system. Instead of relying on external legal audits, the platform integrates local statutory updates directly into its native payroll engines, allowing organisations to navigate changing labour laws automatically.
“We have developed our own proprietary payroll engines across multiple countries – a structural advantage that few in the industry can match.” said Michael Chen, CEO of BIPO. “This US$50 million investment from Apis Partners validates our HR technology platform and our 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.”
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.
Built on BIPO’s native payroll engines, these upcoming AI enhancements will support more complex decisions in workforce scheduling and payroll accuracy, moving beyond basic automation. They are designed to help multi-market enterprises shorten onboarding and payroll timelines for global workforces. This continued investment in product innovation will further strengthen BIPO’s flagship Human Resource Management System, Global Payroll Outsourcing, and Employer of Record services.
Operating across 50+ offices, BIPO’s integrated payroll and HR solutions have earned consistent recognition through leading independent industry benchmarks.
About BIPO:
Headquartered in Singapore, BIPO is a market leader in Asia, specialising in providing an integrated suite of payroll and HR solutions. The company delivers three core pillars: Human Resource Management System, Global Payroll Outsourcing, and Employer of Record services, and offers advanced workforce analytics.
With a global footprint across Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America, BIPO supports enterprise and SME clients across 170+ countries and regions through its proprietary in-house payroll engines. 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 corporates to scale seamlessly across Asia’s complex, fast-growing markets.
BIPO’s strong track record and industry recognition are reflected in its positioning in the Everest Group Multi-Country Payroll (MCP) Solutions PEAK Matrix® Assessment and top honours at the HR Vendors of the Year awards.
www.biposervice.com
Follow BIPO on LinkedIn: https://www.linkedin.com/company/bipo-svc/
About Apis Partners:
Headquartered in London, the Apis Group (“the Firm”) is a leading global private equity firm specialising in financial infrastructure and technology. Managing or advising on US$2.3 billion in AUM, the Firm invests in profitable, proven business models, partnering with management teams to drive transformative growth and deliver exceptional returns.
With a team of over 40 professionals across three global hubs, the Firm leverages decades of sector expertise and deep international connectivity. Dedicated to creating value, the Firm employs a hands-on, partnership-driven approach, supporting portfolio companies with strategic advice, M&A opportunities, and operational improvements. The Firm is highly conscious of the impact that the provision of growth capital can achieve; as such, financial inclusion and financial wellness are core tenets of its impact investment approach.
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.
www.apis.pe
Follow Apis Partners on LinkedIn: https://www.linkedin.com/company/apis-partners/
Media Contacts
BIPO:
Adeline Lee | adeline.lee@biposervice.com | +65 9876 2213
Dresden Zhang | dresden.zhang@biposervice.com | +65 9662 9068
Apis Partners:
Stephanie Mullard | stephanie.mullard@apis.pe | +44 7377 952886
Camarco | apis@camarco.co.uk | +44 7972 013 692
1Apis Growth Fund III denotes Apis Global Growth Fund III and Apis Growth Markets Fund III
