Cross-border Payments Startup Dodo Raises $1.1Mn In Pre-Seed Round

Dodo Payments, a cross-border payments startup has raised $1.1 million in its pre-seed funding round led by Antler, 9Unicorns ,and Venture Catalysts. 

The round also saw participation from 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).

The startup will use the funds to improve its technology by adding features for subscriptions, billing, fraud detection and risk management.

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“In today’s evolving digital economy, businesses in emerging markets often face barriers when engaging in cross-border transactions. At Dodo Payments, we are committed to dismantling these obstacles by providing a seamless and compliant payment infrastructure,” says Rishabh Goel, Co-founder and CEO of Dodo Payments. 

Rajesh Mane, partner, 100unicorns said, "Their AI-driven approach to solving cross-border payment complexities, from dynamic currency conversion to regulatory navigation, perfectly complements our vision of backing category-defining fintech infrastructure. We are particularly impressed by their superb transaction success rate and rapid merchant adoption, which shows a strong product-market fit in underserved regions."

About Dodo Payments

Founded in 2023 by Rishabh Goel and Ayush Agarwal, Dodo Payments solves key issues in international payments, such as low success rates, limited payment options, complex documentation, and poor local language support. It allows businesses to accept payments from over 150 countries with a success rate of over 90%.

The platform supports 25+ local payment methods, including Apple Pay, Klarna, Affirm, Cash App, UPI, and major card networks. It is available in 14 languages, covering 86% of the global population.

In its early phase, Dodo Payments onboarded 1,000+ merchants across 30 countries and aims to reach 10,000 merchants worldwide by year-end.

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