Dots Raises $8.9 Million to Scale Global Payout Platform

Dots raised $8.9 million in a Series A funding round to continue expanding the capabilities of its global payouts platform for marketplaces and service-based businesses.

The round brings the total amount the company has raised to date to $14.6 million, Dots said in a Thursday (Feb. 26) press release.

The Dots platform has delivered $1 billion to more than 1 million gig workers, creators and contractors around the world, and it processes $150 million in payouts each month, according to the release.

Dots co-founder and CEO Sahil Hasan said in the release that payouts have typically been slow because of the complexity companies face in handling compliance, onboarding and cross-border disbursements.

“Dots solves this problem by unifying bank transfers, PayPal, Venmo, Cash App and stablecoins under a single API, ensuring payees receive funds quickly, regardless of where they are based or their preferred payment type,” Hasan said in the release. “This translates into greater loyalty among contractors and creators.”

The latest enhancements to the Dots platform include a self-service model that enables new customers to integrate Dots into their existing systems and customize payments themselves, and a new anti-fraud feature that allows companies to identify suspicious payments, stop them, and create custom rules to automate fraud detection and prevention, according to the release.

With the new funding, Dots plans to add credit card processing, accounts payable, accounts receivable and other financial features, as well as fuel its international expansion and secure additional engineering talent, per the release.

Ibrahim AlSuwaidi, partner at DCM, which led the funding round, said in the release that Dots focuses on the experience of both the developer and the payee.

“When workers and creators actually want to get paid through your platform, the result is an engine that helps to not only address compliance and payments, but also retain the best talent,” AlSuwaidi said in the release.

The PYMNTS Intelligence report “From Fast to Sticky: Why Instant Payouts Win Repeat Customers” found that instant payouts remove uncertainty and build confidence, particularly for gig workers and contractors who manage their daily cash flow. For businesses, these payouts can transform short-term transactions into lasting relationships.