Dodo Payments Raises $1.1M Pre-Seed Funding to Revolutionize Global Transaction Simplicity
Dodo Payments, a revolutionary cross-border payment platform focused on emerging markets, has successfully raised $1.1 million in pre-seed funding. This investment is aimed at enhancing its global payment infrastructure, allowing it to better serve entrepreneurs and startups around the world.
Funding Overview
The funding round was spearheaded by Antler, 9Unicorns, and Venture Catalysts. It also received support from notable angel investors, including:
- Nitin Gupta
- Maninder Gulati
- Raymond Russell
- Preethi Kasireddy
- Nishant Verman
Mission and Vision
Dodo Payments aims to provide seamless payment solutions by addressing the common challenges associated with global transactions. The platform enables businesses to:
- Accept payments via various international methods, including Apple Pay, Klarna, Affirm, CashApp, and UPI.
- Manage compliance, billing, invoicing, and fraud protection effectively.
Future Plans and Goals
With the newly acquired funds, Dodo Payments plans to:
- Accelerate product development.
- Expand local processing capabilities in over 30 new markets.
- Enhance compliance and security measures.
The company aims to support more than 100 currencies and 300 local payment methods globally by the end of 2025.
Current Progress
Dodo Payments has already onboarded over 1,000 merchants from 30 countries and is targeting to reach over 10,000 merchants by the end of the year.
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