Obita, a Hong Kong-based company that builds cross-border payment and digital finance networks, has raised more than US$10 million in an angel funding round co-led by Vision Plus Capital and Mirana Ventures.
The round also saw participation from Legend Capital, HashKey Capital, and Web3.com Ventures.
The company said it will use the funds to improve its systems and build a stronger compliance infrastructure.
It also plans to expand globally, with a focus on cross-border payments powered by stablecoins.
The leadership team comprises experts in fintech, digital assets, and payments.
One of the co-founders, Dayong Zhang, previously worked at HashKey Group and Ant Group.
Obita wants to offer stablecoin-powered payment solutions for businesses, making global trade settlements cheaper, faster, and more transparent.
“Cross-border payments are at a tipping point driven by stablecoin innovation,” said Dayong ZHANG, Co-founder and CEO of Obita. “We aim to integrate blockchain technology’s revolutionary potential into real-world global capital flows through our enterprise-grade, end-to-end, compliant, secure, and high-quality integrated services.”
“Cross-border B2B payment is a crucial infrastructure for global trade. Obita’s stablecoin-centred solution significantly improves cost efficiency,” said Yiran LIU, Managing Partner at Vision Plus Capital. “We have full confidence in the Obita team’s accumulated experience in global fintech and diverse cross-sector backgrounds. Vision Plus Capital has a broad cross-border fintech portfolio and looks forward to exploring more use cases for stablecoins in the payment sector.”
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