Dots, a San Francisco, CA-based provider of a global payouts platform for marketplaces and service-based businesses, has raised $8.9 million in a Series A funding round led by DCM.
The round also saw participation from Y Combinator.
The funding round increased the company’s total to over $14.6 million.
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The company plans to use the funds to grow its operations and advance its development work.
Along with its Series A, Dots is introducing two new updates to its platform:
Self-Service Model: The Dots platform is now fully self-serve, letting new customers integrate it into their systems and set up payouts on their own. Businesses can start sending payments within hours, no matter the number of payees or payment methods.
Dots Control Anti-Fraud Feature: Dots Control helps prevent payment fraud by spotting and blocking suspicious transactions. Companies can also set custom rules to automatically detect and stop fraud, like flagging a payee claiming to be in the U.S. but logging in from an international VPN.
“Most payment innovation focuses on receiving money, not sending it,” said Sahil Hasan, co-founder and CEO of Dots. “The payout process is broken, forcing companies to rebuild systems for compliance, onboarding, and cross-border payments, which slows things down. Dots fixes this by combining bank transfers PayPal, Venmo Cash App and stablecoins into a single API so payees receive funds fast no matter where they are or how they prefer to be paid. This boosts loyalty among contractors, and creators.”
“Beyond the large and growing market—the global payouts market is expected to triple by 2033, and gig economy payments already exceed $582 billion—Dots stands out for its focus on both developers and payees,” said Ibrahim AlSuwaidi, Partner at DCM. “When workers and creators want to get paid through your platform, it not only handles compliance and payments but also helps retain top talent.”
About Dots
Founded by CEO Sahil Hasan Dots is a modern payouts platform that helps marketplaces, and service businesses pay workers, sellers, and creators worldwide. Its single end to end API handles onboarding, compliance and payments across major payment methods, allowing platforms to pay anyone anywhere, quickly and securely.
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