HongShan-Backed Hong Kong Crypto Payment Startup Becomes Unicorn With $47 Million Round
Redotpay offers prepaid cards for payments in cryptocurrencies.
Redotpay
Redotpay, a Hong Kong-based crypto payment startup, has hit unicorn status after completing a $47 million funding round from investors including Coinbase Ventures, the venture capital arm of U.S. billionaire Brian Armstrong’s crypto exchange giant Coinbase Global.
Other investors who joined the round include Vertex Ventures, a unit of Singapore sovereign wealth fund Temasek, and Galaxy Ventures, the venture capital arm of U.S. billionaire Michael Novogratz’s crypto investment firm Galaxy Digital, as well as an unnamed “global technology entrepreneur,” Redotpay said in a statement on Thursday.
Established in 2023 by ex-DBS banker Michael Gao, Redotpay…
