US fintech startup Dots raises $8.9 million in Series A funding, with Y Combinator participating.

PANews reported on February 27th that, according to Tech in Asia, US fintech startup Dots has completed an $8.9 million Series A funding round, led by DCM with participation from Y Combinator, bringing its total funding to over $14.8 million. Dots is building a payments layer for modern platforms, processing over $150 million in payments monthly and having transferred over $1.5 billion to over 1 million gig workers, creators, and contractors worldwide. The company stated that its revenue grew by over 400% last year and aims to achieve profitability by 2025.

Dots has launched several new features, including a self-service payment system for tax filing, support for cryptocurrency payments in USDC, USDT, Bitcoin, and Ethereum, fraud prevention tools, global invoice processing, and a new $19/month pricing tier called Dots Core. The company currently serves clients such as Appen, Sofar Sounds, and Cluely, aiming to streamline cross-border payment processes for businesses and individuals.