Singapore based payments gateway Red Dot Payments has raised $5.2m in Series B funding from investors GMO Venture Partners, MDI Ventures, Toivo Annus and Wavemaker Partners. Red Dot Payment is the leading payment solutions provider in Asia Pacific for banks, acquirers and merchants
Beyond enabling online payments via a gateway, Red Dot offers services such as online invoicing, recurring payments, alternative payments and more. It also works directly with clients for specialist requirements, and has dedicated products for hotels and the hospitality industry. The company said this new money will go towards developing R&D and tech solutions, and increasing its team and capabilities across Asia. Some of the payment processor rivals in Southeast Asia Asia include 2C2P, Omise and Midtrans.