Crypto payment platform Redotpay raised $ 40 million in a series of a lighting -led funding series. Funding rotation also attracts investments from HSG, Galaxy Ventures, DST Global Partners, Accel, Vertex Ventures (TeMasek-Back VC), and more.
Established in April 2023, Redotpay quickly established himself as an alternative pioneer in traditional banking for the uninterrupted. Of more than 3 million registered users worldwide, the Crypto Card & Payment Platform industry is emphasizing the growing demand for crypto-based payment solutions in daily transactions.
Redotpay’s mission is to create an infinite payment ecosystem that seamless bridges and cryptocurrencies. By incorporating traditional digital payment technology with cryptocurrencies, Redotpay allows users to easily spend digital assets with familiar conventional payment methods. The intuitive design of the platform and focused on the practical applications of crypto has become major differences in the market.
Michael GaoCo-founder and CEO of Redotpay, said: “As we measure our platform capabilities, we look forward to collaboration with LightSpeed, HSG, Galaxy, and our other strategic investors to expand our reach and accelerate financially strengthening worldwide.”
The success of the cycle features the alignment of investors in Redotpay’s vision to include cryptocurrencies in sunny use. Lightspeed, a global multi-stage investor, leading paytech-focused payment and investor, led the funding of funding.
Pinn Lawjakotulul, LightSpeed partner, commented, “We are happy to partner with Michael Gao and his team as they work to recharge the financial scene. The RedotPay platform is changing financial access for millions of those who lack the traditional banking. Inclusive financial ecosystem and redefine the way people interact with money.
“Crypto payments are no longer the concept of niche-they become a major part of the global financial infrastructure. The seamless integration of the redotpay of digital assets with a daily payment is a game changing for millions of consumers around the world.
Through this new fund, Redotpay plans to speed up its product roadmap, enhance the payment ecosystem for a better user experience, strengthen the frameworks of regulatory compliance, and expand the footprint license to many constituents.
“We’re not just building products. We solve real problems for our users. We stay engaged by listening, being clear, and focusing on improving their experience.” Michael Gao added, “the speed of crypto enthusiasts and those left behind by the traditional banking system shows that we are building something really affecting.”
PWC Corporate Finance and Venture & Growth Teams served as a financial financial counselor for the series A Financing.
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