Red Dot Payment gains investment in Series B round

Wednesday 13 September 2017 13:40 CET | News

Red Dot Payment, a Singapore-based payment gateway startup, has inked USD 5.2 million Series B round to expand the business across Asia.

Founded by a team of ex Visa and Mastercard executives, the company is backed by GMO Venture Partners from Japan, Wavemaker Partners, Skype co-founder Toivo Annus and MDI Ventures.

New investor DORR Group also took part. The startup previously raised an undisclosed Series A and took investment from Indonesia-based operator Telkomsel.

Apart from offering online payments through a gateway, Red Dot offers online invoicing, recurring payments, and alternative payments. It also works directly with clients for specialist requirements, and has dedicated products for hotels and the hospitality industry.

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Keywords: Red Dot Payment, investment, Series B, online payments, payment gateway, startup, Asia, Singapore
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce