Cross-border payments startup Dodo Payments raises $1.1 million in pre-seed funding
25 Feb 2025, 05:31 PMThe round was led by Antler, 9Unicorns, and Venture Catalysts, with participation from several angel investors.
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Dodo Payments, a cross-border payments startup, has received $1.1 million in pre-seed funding led by Antler, 9Unicorns, and Venture Catalysts.
Angel investors including Uni Cards founder Nitin Gupta, former Oyo executive Maninder Gulati, former Chief of Staff at Boom Supersonic Raymond Russell, former a16z partner Preethi Kasireddy, and former Flipkart executive Nishant Verman also participated in the round.
Founded in 2023 by Rishabh Goel and Ayush Agarwal, Dodo Payments enables merchants to accept payments from over 150 countries.
The funding will be used to enhance the technological infrastructure by introducing modules for subscriptions, billing, fraud detection, and risk management.
Additionally, Dodo Payments plans to establish local payment rails in over 30 countries, focusing on regions such as the European Union, United Kingdom, Southeast Asia, Middle East, Brazil, and Australia. The company also claims that it is also the only solution powering global marketplaces for non-US entities.
Ayush Agarwal, co-founder, Dodo Payments, said, "With this funding, we are poised to advance our platform's architecture, incorporating modules that address the nuanced challenges of cross-border transactions."
Nitin Sharma, partner, Antler, commented, "Dodo Payments is addressing a critical gap in the international payment ecosystem. Their innovative approach not only streamlines transactions but also ensures compliance, making them a formidable player in the market. I am confident that with this infusion of capital, Dodo Payments will set new benchmarks in the industry, facilitating smoother and more secure payment processes for businesses worldwide."
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