U.S. fintech startup Dots has raised $8.9 million in a Series A funding round led by DCM, with participation from Y Combinator, increasing its total funding to over $14.8 million. Dots, which processes over $1.5 billion in payments monthly, aims to enhance its payment solutions for modern platforms. The company has reported a 400% revenue growth last year and targets profitability by 2025.
Dots has introduced several new features, including a self-service payment system with tax reporting, support for cryptocurrency payments in USDC, USDT, Bitcoin, and Ethereum, and fraud prevention tools. The startup also launched a global invoice processing service and a new pricing tier, Dots Core, at $19 per month. Serving clients like Appen and Sofar Sounds, Dots focuses on streamlining cross-border payments for businesses and freelancers worldwide.
Fintech Startup Dots Raises $8.9M in Series A Funding Led by DCM
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