- Singapore crypto payments app Oobit raised a $25 million Series A.
- Major crypto investors like Solana’s co-founder and Tether participated.
- Oobit looks to drive mainstream adoption of direct, user-friendly crypto payments.
$25m Series A
Singapore-based crypto payments app Oobit has closed a $25 million Series A funding round to boost its global expansion efforts across Asia Pacific, Latin America, and the Middle East.
The investment allows Oobit to build on its “tap and pay” functionality that enables seamless merchant crypto spending similar to contactless Visa or Mastercard transactions.
Oobit also lets users easily purchase popular cryptocurrencies all within a streamlined mobile experience.
Big names get behind them
Major crypto investors like Solana co-founder Anatoly Yakovenko and stablecoin firm Tether participated in the round.
Oobit aims to bridge crypto and traditional e-wallets to link Web3 and real-world commerce.
Founder Amram Adar views the user-friendly app as key to driving mainstream adoption of direct crypto payments while still ensuring customer control and ownership.
The fresh funding will support enhanced accessibility and utility across key growth markets.
