RedotPay hits Unicorn status, targets global stablecoin expansion
Hong Kong-based payments startup RedotPay closed a $47 million strategic funding round, pushing its valuation beyond $1 billion and achieving Unicorn status as it scales regulated services globally.
RedotPay’s recent round featured new investor Coinbase Ventures and support from Galaxy Ventures and Vertex Ventures, bringing total funding to nearly $90 million. The company serves over 5 million users and processes an annualized $10 billion in transaction volume.
Founded in April 2023, RedotPay offers payment cards, multicurrency wallets, and global payout services across more than 100 markets. In June 2025, it launched a "Global Payout" feature allowing users to send digital tokens directly to local bank accounts or e-wallets.
The company holds licenses in Hong Kong and has satellite licensing or applications in Europe and Argentina. RedotPay plans to continue building payment corridors, deepening partnerships with banks and payment networks, and strengthening regulatory compliance in new jurisdictions.
Founded in April 2023, RedotPay offers payment cards, multicurrency wallets, and global payout services across more than 100 markets. In June 2025, it launched a "Global Payout" feature allowing users to send digital tokens directly to local bank accounts or e-wallets.
The company holds licenses in Hong Kong and has satellite licensing or applications in Europe and Argentina. RedotPay plans to continue building payment corridors, deepening partnerships with banks and payment networks, and strengthening regulatory compliance in new jurisdictions.
CEO Michael Gao said bringing Coinbase Ventures into the round alongside existing backers "validates the progress we've made and the confidence investors have in our vision."
RedotPay previously closed a $40 million Series A in March 2025, led by Lightspeed, with participation from HSG and Galaxy Ventures. The new capital will support growth, compliance, system scaling, and deeper integrations within blockchain infrastructure.
The company's Global Payout feature has gained traction in Latin America, where RedotPay serves regions with limited banking infrastructure. The service leverages digital tokens for remittances and cross-border transfers.
Gao emphasized the company's mission "to make digital finance accessible, secure, and efficient for everyone." The firm combines blockchain speed with traditional payment rails, enabling users to spend digital tokens via cards and wallets while converting to local fiat when needed.
RedotPay competes in the growing payments sector as regulatory frameworks evolve in key markets. The company processes transactions across Asia, Latin America, Europe, and other regions through partnerships with local banks and payment providers.
The unicorn valuation positions RedotPay among the highest-valued fintech startups focused on digital token payments. The company has not disclosed specific expansion timelines or which additional markets it plans to enter next.
RedotPay's platform supports multiple cryptocurrencies and traditional currencies, allowing users to hold, convert, and spend digital assets through conventional payment methods.
RedotPay previously closed a $40 million Series A in March 2025, led by Lightspeed, with participation from HSG and Galaxy Ventures. The new capital will support growth, compliance, system scaling, and deeper integrations within blockchain infrastructure.
The company's Global Payout feature has gained traction in Latin America, where RedotPay serves regions with limited banking infrastructure. The service leverages digital tokens for remittances and cross-border transfers.
Gao emphasized the company's mission "to make digital finance accessible, secure, and efficient for everyone." The firm combines blockchain speed with traditional payment rails, enabling users to spend digital tokens via cards and wallets while converting to local fiat when needed.
RedotPay competes in the growing payments sector as regulatory frameworks evolve in key markets. The company processes transactions across Asia, Latin America, Europe, and other regions through partnerships with local banks and payment providers.
The unicorn valuation positions RedotPay among the highest-valued fintech startups focused on digital token payments. The company has not disclosed specific expansion timelines or which additional markets it plans to enter next.
RedotPay's platform supports multiple cryptocurrencies and traditional currencies, allowing users to hold, convert, and spend digital assets through conventional payment methods.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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