Dodo Payments, a cross-border payment platform designed for emerging markets, has secured $1.1m in pre-seed funding to enhance its global payment infrastructure.
The investment round was led by Antler, 9Unicorns, and Venture Catalysts, with additional backing from angel investors including Nitin Gupta, Maninder Gulati, Raymond Russell, Preethi Kasireddy, and Nishant Verman.
Dodo Payments aims to provide seamless payment solutions for entrepreneurs and startups by addressing common challenges in global transactions. The platform allows businesses to accept payments from various international methods, including Apple Pay, Klarna, Affirm, CashApp, and UPI, while managing compliance, billing, invoicing, and fraud protection.
With the newly raised capital, Dodo Payments plans to accelerate product development, expand its local processing capabilities in over 30 new markets, and strengthen compliance and security measures. The company aims to support over 100 currencies and 300 local payment methods globally by the end of 2025.
The company has already onboarded 1,000+ merchants from 30 countries and is targeting 10,000+ merchants by the end of the year.
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