RedotPay Closes $47M Funding Round, Claims Unicorn Status
RedotPay Closes $47M Funding Round, Claims Unicorn Status
RedotPay Secures $47 Million to Reach Unicorn Status
Crypto payments firm RedotPay has closed a $47 million funding round, claiming unicorn status with a valuation above $1 billion.
The round saw participation from Coinbase Ventures, alongside existing investors Galaxy Ventures and Vertex Ventures. An undisclosed global tech entrepreneur also joined the round, according to RedotPay’s announcement.
For RedotPay, the milestone signals strong investor confidence in its payments model, which focuses on stablecoin-powered services.
CEO Michael Gao said the raise validates the company’s progress.
“Having Coinbase Ventures join us, along with the continued support from Galaxy Ventures and Vertex Ventures, validates the progress we’ve made and the confidence investors have in our vision,” Gao said.
In venture capital, a unicorn refers to a privately held startup valued at $1 billion or more. By crossing that threshold, RedotPay joins a select group of global fintech companies reshaping digital finance.
RedotPay’s Growth Since 2023
Founded in April 2023, RedotPay has expanded rapidly in less than three years. The firm provides stablecoin-powered multi-currency wallets, cards, and multi-wallets to simplify digital payments.
In just under three years, RedotPay has reached over 5 million users worldwide. Its platform has processed more than $10 billion in total payment volume (TPV). The scale of adoption highlights the growing role of stablecoins in payments.
Stablecoins, pegged to major currencies, reduce volatility and improve reliability. They enable faster cross-border transfers compared to traditional systems. RedotPay has capitalised on this need, expanding access to digital financial tools across regions.
The company’s early success shows strong demand for flexible crypto payments. With stablecoin adoption rising, RedotPay has positioned itself as a key player in bridging digital assets and everyday spending.
Global Payout Gains Traction in Underserved Regions
One of RedotPay’s flagship services is its Global Payout product, launched in June 2025.
The service allows users to send crypto directly to local bank accounts or e-wallets. It has already gained traction in underserved regions, particularly across Latin America, where access to international payments is often limited.
By focusing on markets where traditional banking infrastructure is weaker, RedotPay is positioning itself as a global bridge for digital assets.
A company spokesperson noted that licensing remains a top priority. “We are currently licensed in our headquarters, Hong Kong, and our satellite regions in Europe and Argentina, with many more applications globally underway,” the spokesperson said.
Strengthening Regulation and Expansion Plans
A significant focus for RedotPay after the latest funding is licensing and compliance. The company is currently regulated in Hong Kong, Europe, and Argentina, but it is actively pursuing approvals in multiple other regions.
Licensing remains central to its strategy. Gaining trust from users, regulators, and financial institutions is crucial to scaling payments at a global level. The firm’s executives stress that compliance will help separate RedotPay from unregulated operators.
Beyond regulation, RedotPay plans to deepen its international corridors with global partnerships.
Funding History and Investor Confidence
The $47 million round raises RedotPay’s total fundraising to nearly $90 million. Earlier in March 2025, the company closed a $40 million Series A led by Lightspeed, with participation from HSG and Galaxy Ventures.
For investors, RedotPay represents not just a payments platform. They bet on the mainstream adoption of stablecoins as a global financial tool.
More News: Australia Moves to Regulate Crypto Under Financial Services Framework
The Path Ahead for RedotPay
The global payments market is shifting toward faster and cheaper rails. Stablecoins are at the center of this change, and RedotPay wants to be a leading driver.
The company’s strategy focuses on underserved regions where financial access is limited. Building trusted platforms in these markets could fuel adoption at scale. At the same time, regulatory progress is expected to strengthen its credibility among mainstream players.
RedotPay has momentum. Its user growth, regulatory focus, and backing from Coinbase Ventures, Galaxy Ventures, and Vertex Ventures give it strong positioning. With unicorn status secured, RedotPay is now seen as one of the most promising firms shaping the stablecoin future.
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