Fintech

Oobit is making crypto payments oobit easier with $25M Series A

February 7, 2024
Image from Oobit

Here’s Oobit. This Singaporean crypto payment app lets you make crypto payments with just a tap. And now, they raised a $25M Series A!

Investor check. Solana Labs co-founder Anatoly Yakovenko, Tether Limited, 468 Capital, and CMCC Global’s Titan Fund participated in the round. 

📇 Tap and go

Do you have a lot of crypto and want to use it for payments?

With Oobit, you can tap to pay at over 100M retailers around the globe, while merchants receive fiat currency.

Pay with your preferred crypto asset at any point-of-sale system that accepts Visa or Mastercard. and

  • With their platform, you can also send crypto worldwide. 
  • And if you’re running low on funds, you can buy crypto for as little as $10! They have Bitcoin, Ethereum, and over 35 other popular cryptocurrencies available. 

🌐 Where to next? 

They’ll expand across Asia Pacific, Latin America, and the UAE!

  • Oh, and according to CoinDesk, they’ll be opening up the tap-and-pay feature to third-party wallets to transition Oobit into a non-custodial crypto payments app. 

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