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

02/16/24, 6:43 PM

Location

singapore

Money raised

$25 million

Industry

cryptocurrency

blockchain

fintech

Round Type

series a

Investors

Anatoly Yakovenko, 468 Capital, Cmcc Global’s Titan Fund, Tether’s Investment Arm

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.

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Company Info

Company

Oobit

Location

singapore, southeast asia, singapore

Additional Info

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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Trends

	Raised	Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.
singapore	$248.4 M	-87.3%
fintech	$3 B	44.7%
blockchain	$220.2 M	-74.7%
cryptocurrency	$197.1 M	-69.3%