Coda Payments secures USD 690 mln for cross-border payments

Friday 15 April 2022 13:02 CET | News

Coda Payments has raised USD 690 million to enable cross-border payments for games and other digital products, as well as alternative app stores.

Smash Capital, Insight Partners, and GIC invested funds to acquire a minority stake in the Singapore-based company as it expands to more territories. Bloomberg reported the valuation of the company was USD 2.5 billion.

Coda Payments’ officials stated that they wanted to bring on board some new investors with expertise to help support the company in its next phase of growth. The company has achieved profitability relatively early and as a result, they haven’t really been on that cycle of new funding announcements every 18 months.

Codashop bills itself as a trusted source of in-game currencies and other content for millions of consumers in more than 50 territories worldwide, and it says it is the only independent content marketplace with a global footprint.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: cross-border payments, money transfer, investment, funding, expansion
Categories: Payments & Commerce
Companies: Coda Payments
Countries: World
This article is part of category

Payments & Commerce

Coda Payments

Discover all the Company news on Coda Payments and other articles related to Coda Payments in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events