Singapore’s Red Dot Payment closes $5.2M Series B round


Singapore’s Red Dot Payment, a remuneration gateway startup founded by a group of ex Visa and MasterCard executives, has sealed a $5.2 million Series B turn to grow a business.

Existing backers GMO Venture Partners from Japan, Wavemaker Partners, Skype co-founder Toivo Annus and MDI Ventures put into a round. New financier DORR Group also took part. The startup formerly lifted an undisclosed Series A and took investment from Indonesia-based user Telkomsel.

 

Beyond enabling online payments around a gateway, Red Dot offers services such as online invoicing, repeated payments, choice payments and more. It also works directly with clients for dilettante requirements, and has dedicated products for hotels and a liberality industry.

The association pronounced this new income will go towards building RD and tech solutions, and augmenting a group and capabilities opposite Asia. Some of a remuneration processor rivals in Southeast Asia Asia embody 2C2P, Omise and Midtrans.

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Posted by on Sep 12 2017. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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