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Crypto Payments App Oobit Raises $25M in Series A Funding Round Led by Tether

Mobile payments app Oobit raised $25 million in a Series A funding round, the company said Monday. The round was led by the investment arm of Tether, CMCC Global’s Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko. A spokeswoman for the Singapore-based company declined to say how much the investment valued the company. Consumers can use the Oobit app to pay for purchases using crypto, while merchants receive fiat currency. The tap-and-pay feature helps make crypto payments more accessible, as users can pay at any point of sale that accepts Visa (V) or MasterCard (MA) using funds from their Oobit wallet. 

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