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Vikas Acharya
Building WelBe| Entr...Ā ā¢Ā 1m
Fintech startup Dodo Payments has raised $1.1 million in its pre-seed round led by Antler, 9Unicorns, and Venture Catalysts. Nitin Gupta (Uni Cards and PayU), Maninder Gulati (former Oyo CSO/Lightspeed), Raymond Russell (former Chief of Staff at Boom Supersonic), Preethi Kasireddy (former Partner, a16z), and Nishant Verman (former Flipkart CorpDev head) have also participated. The proceeds will be used for several strategic initiatives, including enhancing 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. Founded in 2023 by Rishabh Goel and Ayush Agarwal, Dodo Payments simplifies complexities, enabling merchants to easily accept payments from over 150 countries with success rates exceeding 90%. The platform supports over 25 local payment methods, including Apple Pay, Klarna, Affirm, Cash App, UPI, and all major card networks, and is available in 14 languages, covering 86% of the global population. In its initial phase, Dodo Payments claims to have onboarded over 1,000 merchants across 30 countries and aims to expand this to more than 10,000 merchants globally by the end of the year.
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