OwlTing adds $5M convertible note from Lind, lifting total to $15M
What's the deal? OwlTing (NASDAQ: OWLS), the fintech operating as OBOOK Holdings, has closed a US$5 million follow-on financing with Lind Global Asset Management XV LLC, a fund managed by The Lind PartnersDealroom has a profile for this one. Try Dealroom →. The second tranche is a senior secured convertible note with an accompanying warrant. StoneX Financial acted as exclusive placement agent.
Why now? The deal follows Lind's initial US$10 million investment in April 2026, bringing cumulative gross funding from Lind to US$15 million. As part of the financing, OwlTing and Lind amended terms of the April agreement, including the note's conversion price and the warrant's exercise price.
What's the endgame? OwlTing is building regulated payment infrastructure for cross-border enterprise transfers. The net proceeds will fund working capital to onboard enterprise customers onto OwlPay, support payment liquidity pools and operations, maintain and expand licenses, and develop new payment corridors.
Founded in Taiwan with subsidiaries across seven countries, OwlTing listed on Nasdaq in October 2025. Its OwlPay Harbor platform handles stablecoin-based cross-border payments and recorded its eighth consecutive month of sequential volume growth in September 2026.
By the numbers: OwlTing reported more than 100 enterprise clients with executed agreements, up from 84 at the end of August. Harbor payments reached roughly 50 countries in the first nine months of 2026, with annualised stablecoin payment volume topping US$300 million in September.
"Our focus is on helping more customers complete integration and begin transacting," said Darren Wang, founder and chief executive officer at OwlTing Group. "We appreciate Lind's continued support as we work to turn customer adoption into transaction-based revenue."
Jeff Easton, founder and managing partner at The Lind Partners, said the additional financing "reflects Lind's continued support for Owlting as it continues to scale up commercially."
The signal: This is a company-specific runway extension rather than a new investor syndicate. As a convertible note with warrants, it carries potential dilution — but it gives OwlTing capital to push OwlPay toward transaction revenue in a crowded payments market.
Read more: marketscreener.com
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