According to ChainCatcher, 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 over $1.5 billion to more than 1 million gig workers, creators, and contractors worldwide. The company says its revenue grew over 400% last year and aims to become profitable by 2025. Dots has launched several new features, including a self-service payment system with tax filing capabilities, cryptocurrency payments supporting USDC, USDT, Bitcoin, and Ethereum, fraud prevention tools, global invoice processing, and a new $19/month pricing tier called Dots Core. The company currently serves clients such as Appen, Sofar Sounds, and Cluely, aiming to streamline cross-border payment processes for businesses and individuals.
