HongShan-Backed Hong Kong Crypto Payment Startup Becomes Unicorn With $47 Million Round

HongShan-Backed Hong Kong Crypto Payment Startup Becomes Unicorn With $47 Million Round

Redotpay’s recent round drew participation from investors including Coinbase Ventures, Temasek’s Vertex Ventures and Galaxy Ventures.

Stablecoin News: RedotPay Attains Unicorn Status With $47M Raise for Regulatory Push

RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status.The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday email.RedotPay aims to blend blockchain speed and efficiency with traditional payment netw…

Stablecoin Payment Startup RedotPay Reaches Unicorn Status with $47M Round

Hong Kong-based payment fintech RedotPay has achieved unicorn status following a $47 million strategic investment round that brings its total valuation above $1 billion, marking rapid growth in the stablecoin payments sector.Coinbase Ventures led new participation in the funding round, joined by an unnamed global technology entrepreneur, RedotPay said in an announcement on Thursday. Existing investors Galaxy Ventures and Vertex Ventures increase…

Crypto Payments Firm RedotPay Bags $47M Strategic Round at Over $1B Valuation

Quick take: The fundraising attracted participation from Coinbase Ventures, Galaxy Ventures, and Vertex Ventures. The strategic round follows RedotPay’s $40 million Series A round announced in March, which Galaxy Ventures and Vertex Ventures also participated in. The company claims to have over 5 million users across more than 100 global markets and has processed $10 billion in annualised payment volume over the past two years. RedotPay has ann…

Crypto payments firm RedotPay claims unicorn status with $47M raise - The Cryptocurrency Post

RedotPay raised $47 million, pushing its valuation above $1 billion and lifting lifetime funding to about $90 million. The funding underscores a focus on compliance and product growth, attracting interest from enterprises that need global stablecoin payments, fintech investors, and regulators tracking fiat-to-crypto links. RedotPay issues cards that spend stablecoins and offers multicurrency wallets, supporting USDC, USDT, and EURC while operati…

RedotPay, which offers stablecoin cards and multicurrency wallets, raised $47M from Coinbase Ventures, Galaxy Ventures, and others at a $1B valuation

James Hunt / The Block: RedotPay, which offers stablecoin cards and multicurrency wallets, raised $47M from Coinbase Ventures, Galaxy Ventures, and others at a $1B valuation  —  - RedotPay announced the closure of its latest strategic investment round, with participation from Coinbase Ventures, Galaxy Ventures, and Vertex Ventures.