Singapore’s pink Dot charge, a fee gateway startup based by means of a crew of ex Visa and MasterCard executives, has closed a $ 5.2 million sequence B circular to grow its enterprise.
present backers GMO assignment partners from Japan, Wavemaker companions, Skype co-founder Toivo Annus and MDI Ventures put into the circular. New investor DORR group additionally took part. The startup previously raised an undisclosed series A and took investment from Indonesia-primarily based operator Telkomsel.
beyond enabling on-line funds by way of a gateway, purple Dot presents capabilities corresponding to on-line invoicing, recurring funds, alternative funds and extra. It additionally works without delay with shoppers for specialist necessities, and has committed items for resorts and the hospitality industry.
The business talked about this new money will go towards developing R&D and tech solutions, and extending its team and capabilities across Asia. probably the most charge processor rivals in Southeast Asia Asia consist of 2C2P, Omise and Midtrans.
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Fundings & Exits – TechCrunch