I just came across an interesting case in the fintech space. The American startup Dots has just completed Series A funding of $8.9 million, led by DCM, with participation from Y Combinator. Overall, the company has already raised over $14.8 million.

What makes Dots interesting? They are building a payment layer for freelancers, creatives, and contractors. The platform processes over $150 million in payments each month and has paid out more than $1.5 billion to over a million users worldwide. The numbers are impressive.

First, they are actively integrating crypto. Dots now supports payments in USDC, USDT, Bitcoin, and Ethereum. This is exactly what’s needed for global payments without excessive fees and delays.

Second, the company has launched several useful features. A self-service payment system with tax reporting, fraud prevention tools, and global invoice processing. The new Dots Core pricing plan costs $19 per month.

Interestingly, the company is already showing results. Revenue has grown by more than 400% over the past year, and they expect to be profitable by 2025. Clients include Appen, Sofar Sounds, and others.

I think Dots is riding the wave of globalized payments. Freelancers and small businesses need simple, fast, and inexpensive international transfers. Crypto integration makes this even more attractive. It’s worth keeping an eye on the development of such a player.