365Crypto
RedotPay hits unicorn status
Stablecoin payments firm RedotPay has entered the unicorn club after raising $47 million. The round included Coinbase Ventures, Galaxy Ventures, and Vertex Ventures. An unnamed global tech entrepreneur also joined. In venture capital, a unicorn is a private startup valued at $1 billion or more.
Big names join the table
CEO Michael Gao said Coinbase’s participation and repeat backing from Galaxy and Vertex proved investor faith in RedotPay’s vision.
Rapid growth since launch
Founded in April 2023, the company offers stablecoin-powered payment cards, multicurrency wallets, and global payout tools. It already claims over 5 million users and has processed $10 billion in payments. Stablecoins are cryptocurrencies designed to keep a stable value, usually tied to fiat currencies like the US dollar.
Expanding global payout services
Launched in June 2025, RedotPay’s Global Payout lets users send crypto directly to local banks and e-wallets, gaining traction in underserved areas like Latin America. The firm is licensed in Hong Kong, Europe, and Argentina, with more applications pending.
Funding history and future plans
This round brings RedotPay’s fundraising close to $90 million. It previously closed a $40M Series A led by Lightspeed. RedotPay now plans to expand international corridors, secure licenses, and deepen partnerships with banks and payment networks.
