Obita, an enterprise-level cross-border payment and digital financial network, has completed an angel funding round exceeding US$10 million.
The round was co-led by Vision Plus Capital and Mirana Ventures, with participation from Legend Capital, HashKey Capital, Web3.com Ventures, and other institutional and individual investors.
The company said the funds will be used for system research and development, compliance infrastructure, and global market expansion, with a focus on its stablecoin-based cross-border payment network.
Obita is developing a blockchain-native payment framework called Obita Mesh, designed to reduce foreign exchange costs, improve settlement speed, and enhance fund flow transparency.
The firm is initially targeting high-growth markets in Southeast Asia, Central Asia, Africa, and Latin America.
“Cross-border payments are at a tipping point driven by stablecoin innovation,”
said Dayong Zhang, Co-founder and Chief Executive of Obita.
“We aim to integrate blockchain technology’s potential into real-world global capital flows through enterprise-grade, compliant, and secure 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.
Obita’s leadership team has backgrounds in fintech, digital assets, and cross-border payments.
Zhang was previously Chief Commercial Officer of HashKey Group, Chief Executive of HashKey Onchain BG, and Executive Director at RD Technologies.
He also held senior roles at Ant Group, leading digital wallet development and expanding its international payment network.
Co-founder and Chief Business Officer Vincent Yang previously founded abComo and anyStarr, co-founded Longbridge Securities, and worked on international business development for AliExpress and Ant Financial.
Featured image credit: Edited by Fintech News Hong Kong, based on image by maksymiv_yura via Freepik