RedotPay Secures $40 Million to Advance an Accessible Crypto-Fiat Integration

RedotPay, a digital asset payment provider, has raised $40 million in Series A funding, pushing its valuation into unicorn status and advancing its goal to connect traditional and crypto financial systems RedotPay secures $40 million led by Lightspeed [ 1 ]. The investment round was spearheaded by

, with notable backing from HSG and Galaxy Ventures, and additional support from DST Global Partners, Accel, and Vertex Ventures (supported by Temasek). This represents the company’s second significant fundraising event, following Lightspeed’s initial investment in December 2024 RedotPay secures $40 million led by Lightspeed [ 1 ].

Established in April 2023, RedotPay has quickly grown to serve more than 3 million users worldwide, establishing itself as a prominent force in the crypto payments industry. Its main product—a crypto card and payment system—lets users utilize digital currencies effortlessly, filling gaps left by conventional banks for both the unbanked and crypto supporters RedotPay secures $40 million led by Lightspeed [ 1 ]. Michael Gao, the company’s co-founder and CEO, highlighted their dedication to financial inclusion, saying, “We aim to build a global payment network that brings cryptocurrencies into daily life, while preserving the ease of familiar payment methods RedotPay secures $40 million led by Lightspeed [ 1 ].”

RedotPay’s vision for widespread crypto usage has resonated with its investors. Pinn Lawjindakul from Lightspeed pointed out the platform’s impact in “transforming financial access for millions without access to traditional banks,” and Will Nuelle of Galaxy Ventures remarked that crypto payments have become “an essential element of the worldwide financial system, not just a niche idea RedotPay secures $40 million led by Lightspeed [ 1 ].” The new funds will be used to broaden RedotPay’s product offerings, improve the user interface, bolster regulatory adherence, and expand its licensing in various regions RedotPay secures $40 million led by Lightspeed [ 1 ].

The company’s rapid expansion highlights larger trends in digital asset adoption. With over 130 million merchants globally now accepting RedotPay’s crypto card, the firm is leveraging alliances with leading fintech companies to streamline international payments and enable easy conversion between fiat and cryptocurrencies. Its compatibility with Apple Pay and Google Pay also enhances user convenience, meeting the growing demand for seamless digital payment solutions.

As RedotPay continues to grow, regulatory compliance remains a top priority. The company has joined forces with PwC Corporate Finance and Venture & Growth teams to navigate the shifting regulatory landscape RedotPay secures $40 million led by Lightspeed [ 1 ]. Gao reaffirmed their commitment to openness, stating, “We address our users’ real needs by listening, being transparent, and continually refining their experience RedotPay secures $40 million led by Lightspeed [ 1 ].” This philosophy has attracted both crypto advocates and those underserved by the traditional banking sector RedotPay secures $40 million led by Lightspeed [ 1 ].

Industry experts see RedotPay’s latest funding as a testament to the promise of the crypto payments field. The company’s success in attracting major investors like Lightspeed and Galaxy Ventures reflects strong belief in its future prospects as the crypto industry matures RedotPay secures $40 million led by Lightspeed [ 1 ]. With more institutions investing in blockchain-driven solutions, RedotPay’s emphasis on bridging fiat and crypto positions it well to meet the rising demand for integrated financial services RedotPay secures $40 million led by Lightspeed [ 1 ].