Oobit

Company Overview

Snapshot

Founded in January 2017 by Amram Adar and Aharon Miller, Oobit operates with 51–200 employees. The company has raised $28 million across two funding rounds from four investors. In February 2024, Oobit secured a Series A funding round.

Business overview

Oobit develops a platform that provides a suite of cryptocurrency-related services, including a crypto-to-fiat payment gateway, a KYC (Know Your Customer) solution, and a P2P (peer-to-peer) trading platform. The company's technology is designed to enable users to easily access and manage various aspects of their cryptocurrency holdings and transactions. Oobit operates within the Fintech & Insurtech sector, specifically focusing on money transfer and management, and serves markets across Oceania, Asia, the United Kingdom, Europe, Canada, Australia, and the United Arab Emirates.

Strategic signal

In February 2024, Oobit raised a $25 million Series A round. This significant capital injection indicates strong investor confidence in Oobit's cryptocurrency payment solutions and its potential for expansion within the rapidly evolving fintech landscape. The funding enables Oobit to further develop its platform and extend its market reach, signaling a period of accelerated growth and strategic development.

Company Intelligence Q&A

What was Oobit's most recent funding activity?

In February 2024, Oobit raised $25 million in a Series A funding round. This round was noted in news reports.

When was Oobit founded and by whom?

Oobit was founded in January 2017 by co-founders Amram Adar and Aharon Miller.

What is Oobit's primary business focus?

Oobit focuses on providing cryptocurrency-related services, including a crypto-to-fiat payment gateway, a KYC solution, and a P2P trading platform, primarily within the Fintech & Insurtech sector.

Which markets does Oobit serve?

Oobit serves a broad range of geomarkets, including Oceania, Asia, the United Kingdom, Europe, Canada, Australia, and the United Arab Emirates.

What is Oobit's total capital raised to date?

Oobit has raised a total of $28 million across two funding rounds.