Hong Kong-based stablecoin payment platform RedotPay has secured $47 million in a recent funding round, elevating its valuation to unicorn status and enabling further investment in compliance and global licensing.
The investment round, announced on September 29, 2025, attracted new backers, including Coinbase Ventures and an unnamed global technology entrepreneur. Existing shareholders Galaxy Ventures and Vertex Ventures also increased their financial commitments to the company.
RedotPay offers a suite of financial services, including virtual and physical stablecoin-based cards, multi-currency wallets, and cryptocurrency conversion services. In June, the company expanded its offerings with a global payout solution, which facilitates the transfer of stablecoins and cryptocurrencies directly to local bank accounts or electronic wallets.
Founded in 2023, RedotPay has rapidly expanded its user base to over five million individuals across more than 100 markets. The platform supports several major cryptocurrencies, including Bitcoin, Ethereum, USDC, and USDT.
With the latest injection of capital, RedotPay plans to bolster its compliance measures and pursue additional global licenses. The company stated its intent to continue expanding its global payment corridors through partnerships with banks, payment networks, and other ecosystem participants, alongside deepening its focus on regulatory compliance and licensing efforts.
This funding round follows the company’s $40 million Series A round, which was led by the California-based venture capital firm Lightspeed. Since its inception two years ago, RedotPay has reported achieving $10 billion in annualized total payment volume.
