RedotPay Achieves Unicorn Status with $47M Strategic Investment
Coinbase Ventures joins the strategic round, alongside additional investments from Galaxy Ventures and Vertex Ventures.
HONG KONG, 25 September 2025 – RedotPay, a global stablecoin-based payment fintech, today announced the successful close of a $47 million strategic investment. The round saw new participation from Coinbase Ventures and a global technology entrepreneur, with increased commitments from Galaxy Ventures and Vertex Ventures. This milestone establishes the company as one of the fintech unicorns.
“Our mission has always been to make digital finance accessible, secure, and efficient for everyone,” said Michael Gao, Co-Founder and CEO of RedotPay. “Having Coinbase Ventures join us, along with the continued support from Galaxy Ventures and Vertex Ventures, validates the progress we’ve made and the confidence investors have in our vision. Their global expertise across both crypto and fintech will help us accelerate growth, strengthen compliance, and expand access to the broader blockchain ecosystem worldwide.”
RedotPay’s core products include stablecoin-based cards, multi-currency wallets and global payout solutions. These combine the speed and efficiency of stablecoins with the reach of established payment networks. This unique value proposition has driven the company’s scale to over 5 million users and $10 billion in annualized total payments volume (TPV) in just two years. It has also advanced financial inclusion by bringing accessible payment services to underserved markets.
“RedotPay has rapidly emerged as a category leader in stablecoin-powered payments. Their ability to combine the speed of blockchain with the trust of established payment rails is setting new standards for the industry,” said Mike Giampapa, General Partner of Galaxy Ventures. “We’re proud to deepen our investment as RedotPay scales globally and brings inclusive financial services to millions more users.”
“We believe stablecoins will power the future of payments. The team at RedotPay is executing impressively to bring this value proposition to users around the world. We’re proud to support them as part of our common goal to bring billions of users onchain.” said Hoolie Tejwani, Head of Coinbase Ventures.
RedotPay will continue to expand its global payment corridors in partnership with banks, payment networks and other ecosystem participants. The company is also deepening its focus on compliance and global licensing to reinforce its commitment to secure, trustworthy, and responsible financial innovation.
Founded in April 2023, RedotPay now serves users across 100+ markets. Its Global Payout feature, introduced in June 2025, allows users to send stablecoins and cryptocurrencies directly to local bank accounts or e-wallets and has gained strong traction in emerging markets such as Latin America.
About RedotPay
RedotPay is a global stablecoin-based payment fintech that integrates blockchain solutions with traditional banking and finance infrastructures. Our intuitive platform empowers millions around the world to spend and send digital assets, ensuring faster, more accessible and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving global adoption of secure and flexible stablecoin-powered financial solutions to bring crypto to real life.
For media inquiries, please contact: press@redotpay.com
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