Oobit Secures $25M in Funding While eTukTuk Revolutionizes Transportation in Developing Economies

Feb 16, 2024•over 1 year ago

Amount Raised

$25 Million

Round Type

series a

SingaporeCryptocurrencyBlockchainFintech

Investors

Anatoly Yakovenko468 CapitalCmcc Global’s Titan FundTether’s Investment Arm

Description

Oobit, a mobile payments app, has successfully raised $25 million in a Series A funding round. The investment was led by Tether’s investment arm, with contributions from CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, co-founder of Solana.

Company Information

Company

Oobit

Location

Singapore, Southeast Asia, Singapore

About

Oobit is a mobile payment application that empowers crypto holders to Tap & Pay at over 100 million retailers worldwide, accepting Visa and Mastercard. The app allows customers to use their digital assets for transactions, with future updates enabling crypto payments while ensuring that merchants receive fiat currency in return.

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Funding Insights

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