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Coda Payments to Raise Funding At A Valuation Of $2.5 Billion

Coda Payments are supported by Call of Duty: PUBG Mobile, Mobile, Mobile Legends: Bang Bang, Bigo Live, and Viu among other games and platforms.

Coda Payments to Raise Funding At A Valuation Of $2.5 Billion

Coda Payments, a fintech company that focuses on gaming and entertainment, is expected to raise new funding at a valuation of US$2.5 billion, according to a report by Bloomberg, citing sources.

Several investors, including Advent International and Primavera Capital, are allegedly contemplating participating in the financing round. Reports had suggested Coda was considering various options, including a sale of the company, a public listing, or a private fundraising to generate additional funds.

During a strategic evaluation of its operations in November 2021, the firm had hoped to achieve a valuation of at least US$4 billion. 

Coda, which was established in 2011, assists digital content producers in monetising their products and services. Coda Payments are supported by Call of Duty: PUBG Mobile, Mobile, Mobile Legends: Bang Bang, Bigo Live, and Viu among other games and platforms.

Coda bought the mobile esports platform Baash from Capsl Entertainment in October 2021, as part of an effort to broaden the company’s offering of solutions.

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