RedotPay has become a fintech unicorn after closing a $47 million strategic round led by Coinbase Ventures with continued backing from Galaxy Ventures and Vertex Ventures, pushing its valuation to $1 billion+ and bringing total funding to nearly $90 million while processing $10 billion TPV.
RedotPay raised $47 million and achieved unicorn status
Round included Coinbase Ventures, Galaxy Ventures, Vertex Ventures and an undisclosed global tech entrepreneur.
Company reports 5+ million users and $10 billion total payment volume since April 2023.
RedotPay unicorn: RedotPay raises $47M led by Coinbase Ventures; read the funding, TPV, user metrics and expansion plans—stay informed with COINOTAG.
Published: 2025-06-18 · Updated: 2025-06-18 · Author: COINOTAG
What is RedotPay and why is it now a fintech unicorn?
RedotPay unicorn status reflects the company’s valuation surpassing $1 billion after a $47 million strategic investment round. The company offers stablecoin-powered cards, multicurrency wallets and global payout services and has reported rapid user growth and high payment volumes since its April 2023 launch.
How did RedotPay secure its $47 million funding?
Investors in the round included Coinbase Ventures, with continued participation from Galaxy Ventures and Vertex Ventures, plus support from an undisclosed global tech entrepreneur, according to an announcement shared with Cointelegraph (plain text). CEO Michael Gao said investor participation validates RedotPay’s growth trajectory.
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RedotPay reports processing $10 billion in total payment volume (TPV) and serving over five million users. The latest raise brings total capital raised to nearly $90 million, including a $40 million Series A led by Lightspeed earlier in the year (plain text).
When did RedotPay launch Global Payout and where is it expanding?
RedotPay launched its Global Payout service in June 2025 to enable direct crypto-to-local-bank and crypto-to-e-wallet transfers. The service is gaining traction in underserved markets such as Latin America and is already live with regulatory licenses in Hong Kong, parts of Europe and Argentina, with further license applications underway.
How are RedotPay’s payment cards being rolled out?
In May 2025 RedotPay launched crypto-enabled payment cards in South Korea that work at Visa-accepting merchants. The company plans to expand global corridors, deepen bank and network partnerships, and prioritize licensing and compliance in new jurisdictions.
How does RedotPay compare with other stablecoin payment infrastructure raises?
RedotPay’s $47 million round sits alongside other recent stablecoin and payments infrastructure financings in the sector. For context, Bastion raised $14.6 million in a round led by Coinbase Ventures, and Fnality closed a $136 million Series C led by major institutional investors, showing continued institutional interest in payments rails and stablecoin utility.
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RedotPay reports serving over five million users and processing approximately $10 billion in total payment volume since launching in April 2023. These metrics were disclosed in the company’s funding announcement.
RedotPay says it holds licenses in its Hong Kong headquarters and in satellite regions across Europe and Argentina, with additional licensing applications in progress as part of its global expansion plan.
RedotPay’s newest $47 million strategic round, led by Coinbase Ventures with backing from Galaxy Ventures and Vertex Ventures, underscores growing institutional confidence in stablecoin-based payments. As RedotPay scales its Global Payout corridors and payment cards, regulatory compliance and bank partnerships will shape its next phase of growth. Stay updated with COINOTAG for follow-ups.
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