Oobit
Oobit is a financial technology company headquartered in Singapore. They offer a virtual cryptocurrency card that allows users to spend crypto assets at Visa-accepting merchants, converting the balance to local currency at checkout. The company was co-founded in 2017 by Amram Adar and Aharon Miller, who serve as chief executive and chief operating officer, respectively.
History
Oobit was founded in 2017 by Amram Adar and Aharon Miller and is based in Singapore.
In February 2024, Oobit raised $25 million in a Series A funding round led by the investment arm of Tether, with participation from CMCC Global's Titan Fund, 468 Capital, and Solana co-founder Anatoly Yakovenko. The funding was reported on by Reuters, Axios, and CoinDesk. CoinDesk reported that the company declined to disclose its valuation.
Products and Services
Oobit's principal product is a Visa-BRANDed virtual crypto card that lets holders of Bitcoin, Ethereum, and other supported tokens spend their cryptocurrency at Visa-accepting merchants, with conversion to local fiat currency handled at the point of sale. The card integrates with Apple Pay and Google Pay.