US fintech startup Dots raises $8.9 million in Series A funding, with Y Combinator participating

Odaily News US fintech startup Dots has completed 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 payment 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 globally. The company reported revenue growth exceeding 400% last year and expects to achieve profitability by 2025.

Dots has launched several new features, including a self-service payment system with tax filing, cryptocurrency payments supporting USDC, USDT, Bitcoin, and Ethereum, anti-fraud tools, global invoice processing, and a new pricing tier called Dots Core at $19 per month. 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)