Red Dot raises a further $5.2m

Singapore’s Red Dot Payment, a fin tech - payment gateway startup founded by a team of ex Visa and MasterCard executives, has closed a $5.2 million Series B round to grow its business.

Investors in this fintecc includes GMO Venture Partners from Japan, Wavemaker Partners, Skype co-founder Toivo Annus, MDI Ventures, DORR Group and Indonesia-based operator Telkomsel.

Reddot focuses on hotels and the hospitality industr and enables online payments via a gateway, and  offers online invoicing, recurring payments and alternative payments. 

It's competition  include 2C2P, Omise and Midtrans.