- RedotPay introduced it secured $40 million in Sequence A spherical led by way of Lightspeed, with HSG, Galaxy Ventures, and others becoming a member of.
- The crypo fintech, introduced in 2023, plans to make use of the finances to boost up the adoption of crypto cost answers.
RedotPay, a crypto cost platform taking a look to bridge web3 and conventional finance, introduced the finishing touch of a $40 million Sequence A investment spherical.
Project capital platform Lightspeed led the spherical, with this following their dedication in December 2024. RedotPay additionally attracted a number of most sensible VC avid gamers for the spherical, together with HSG, Galaxy Ventures, DST International Companions, Accel, and Temasek-backed Vertex Ventures.
RedotPay eyes crypto bills adoption
Based in April 2023, RedotPay has rapidly risen as an important choice for the unbanked, now serving over 3 million registered customers international.
The corporate goals to forge a without boundaries cost ecosystem, mixing fiat and cryptocurrencies seamlessly. Its cutting edge way permits customers to spend virtual belongings with the convenience of conventional cost strategies, a method that has fueled its speedy adoption.
“Our crew takes delight in empowering tens of millions globally with monetary get right of entry to whilst bridging the distance between fiat and crypto,” mentioned Michael Gao, co-founder and leader govt officer of RedotPay. “As we scale our platform features, we sit up for partnering with Lightspeed, HSG, Galaxy, and our different strategic traders to extend our succeed in and boost up monetary empowerment international.”
Lightspeed’s Pinn Lawjindakul, Spouse, expressed enthusiasm for the collaboration:
With the recent capital, RedotPay plans to make stronger its ecosystem, spice up compliance, and extend globally. “We don’t simply construct merchandise. We clear up actual issues for our customers,” Gao added, underscoring the platform’s impactful venture. PwC recommended RedotPay in this financing spherical.
Previous this 12 months, RedotPay teamed up with Visa and StraitsX to release a crypto bank card aimed toward virtual asset bills adoption in Singapore.
This milestone in February 2025 added to the corporate’s Digital Asset Carrier Supplier (VASP) registration in Lithuania. RedotPay’s complete registration, got from Lithuania’s Monetary Crime Investigation Carrier (FCIS) in December 2024, allowed RedotPay to officially input the Eu marketplace.
Significantly, Binance Pay lately partnered with xMoney to extend crypto bills around the Eu Union.