Singapore-based Oobit Raises $25M in Series A Funding to Expand Mobile Payment App Operations Globally

Singapore-based mobile payment app provider, Oobit, has raised $25 million in Series A funding led by Tether, CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, the Co-founder of Solana. The company plans to use the funds to expand its operations and business reach, as well as its development efforts. Oobit intends to expand into regions such as Latin America, United Arab Emirates, Asia-Pacific, Canada, and Australia, beyond its primary markets in the European Union and United Kingdom. Oobit's solution allows consumers to pay with their crypto and merchants to receive fiat money, similar to a typical credit card transaction, and powers applications across new digital asset verticals.