Apis Growth Fund II, a private equity fund managed by Apis Partners, has entered into an agreement to sell the whole of its interest in third-party payments enabler Tutuka to SaltPay.

The fund invested in Tutuka in August 2019, acquiring a 62.6% shareholding in the company. Over the course of the investment, Apis has leveraged its expansive network in global financial services to help Tutuka grow its international presence and has seen the company more than double the number of clients...