RedotPay raises $40 million in Series A funding, led by Lightspeed

According to the official announcement of RedotPay, it has completed a $40 million Series A funding round led by Lightspeed, with participation from HSG, Galaxy Ventures, DST Global Partners, Accel, Vertex Ventures, and others. This round of financing will be used to accelerate the expansion of global encrypted payment solutions. RedotPay was founded in April 2023 and has grown to over 3 million users. It provides seamless cryptocurrency payment and fiat conversion services and is committed to providing financial services to the unbanked community.