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U.S. fintech startup Dots has raised $8.9 million in Series A funding, with Y Combinator participating in the round
Svmuu News: U.S. fintech startup Dots has closed an $8.9 million Series A funding round led by DCM, with participation from Y Combinator, bringing its total funding to over $14.8 million.Dots is building a payments layer for modern platforms, processing over $150 million in payments monthly and having transferred more than $1.5 billion to over 1 million gig workers, creators, and contractors worldwide.The company reported revenue growth of over 400% last year and expects to become profitable by 2025.Dots has launched several new features, including a self-service payment system with tax reporting, cryptocurrency payments supporting USDC, USDT, Bitcoin, and Ethereum, fraud prevention tools, global invoice processing, and a new $19-per-month pricing tier called Dots Core.The company currently serves clients such as Appen, Sofar Sounds, and Cluely, aiming to simplify cross-border payment processes for businesses and individuals. (Tech in Asia)
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