Dots completes $8.9 million Series A funding, led by DCM with participation from Y Combinator

ChainCatcher reports that fintech startup Dots has announced the completion of a $8.9 million Series A funding round, led by DCM with participation from Y Combinator. The total funding has now exceeded $14.8 million.

The company positions itself as a modern platform’s payment layer, processing over $150 million in payments monthly. It has transferred more than $1.5 billion for over 1 million gig workers, creators, and contractors worldwide. Dots saw revenue growth of over 400% last year and is projected to become profitable by 2025. The company has launched new features including a self-service payment system, cryptocurrency payments (supporting USDC, USDT, Bitcoin, and Ethereum), fraud prevention tools, and global invoice processing. It also introduced a monthly plan called Dots Core priced at $19.