DT One, a Singapore-based global B2B digital micropayments platform powering cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards, received an investment from Apis Growth Fund II.
The amount of the deal was not disclosed.
The company plans to use the funds to further expand its global presence by continuing its organic expansion, invest further into product development and commercial excellence, and pursue new acquisitions and partnerships.
Led by Peter de Caluwe, CEO, DT One is a B2B digital transfer network for mobile top-up and data solutions. It interconnects more than 1,000 telecommunications, digital and business partners across 160 countries, delivering smart digital connectivity solutions for over 5 billion mobile consumers across emerging economies, helping them maintain quality digital and social connections. Today, customers use its proprietary platform to power cross-border micropayments in the form of airtime and data bundle top-ups to billions of prepaid phones in more than 160 countries, and it allows mobile users to redeem or purchase over 9,000 digital content and gift card products.
Customers include mobile operators AT&T, Ooredoo, Saudi Telecom and Vodafone, Southeast Asia’s super app Grab, online payments platform PayPal, mobile money wallet Coins.ph, and global money transfer operators MoneyGram, Western Union and WorldRemit.