Oobit Raised $25M Series A

Singapore-based, Oobit is a fintech mobile payment company, that recently raised $25 million led by Tether in a Series A round.

The round was led by 468 Capital, CMCC Global’s Titan Fund, and Anatoly Yakovenko Solana Co-founder.

Oobit $25M Series

CEO Oobit, Amram Adar said that the funds raised will enable them to product development and business expansion. Amram further said that Oobit planned to launch its application in UAE, Latin America, Canada, Asia-Pacific, the UK, and the European Union.

Oobit is a fintech company that provides a payment gateway for Cryptocurrencies so that users can spend them in a traditional way like physical money. It’s a modern solution for crypto transactions, a consumer can use its crypto and the merchant will get local currency in its bank account like a credit card transaction.

Moreover, Oobit supports Tap and Pay solution, and near-real-time settlement of payments for a seamless payment experience. Also, Oobit is available at more than 100 Million retailers across the world.

Also Read: LayerX Security Raised $26M Series A

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *