RedotPay, a crypto payment platform aimed at allowing users to spend digital assets with ease, has raised $40 million in a Series A funding round led by Lightspeed, the company said on Friday.
Founded in 2023, RedotPay has over 3 million users across the globe, according to a statement. The "crypto card and payment platform’s rapid adoption underscores the growing demand for crypto-based payment solutions in everyday transactions," the company also said.
"RedotPay’s platform is already revolutionizing financial access for millions who lack access to traditional banking," said Lightspeed Partner Pinn Lawjindakul, according to the statement.
For years, companies have been working to offer digital asset holders practical ways to spend their crypto and engage with the broader fiat-based economy. Major players in this space include Revolut and PayPal.
Galaxy Ventures, HSG, DST Global Partners, Accel, and Vertex Ventures were other investors in RedotPay's Series A round, according to the statement.
"Crypto payments are no longer a niche concept—they are becoming a fundamental part of the global financial infrastructure," added Galaxy Ventures General Partner Will Nuelle.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
