Redotpay Surges to Unicorn Status With $47M Crypto Round
Redotpay, a Hong Kong-based crypto payments startup, has officially joined the unicorn club after closing a $47 million funding round led by some of the industry’s most powerful backers.
Coinbase Ventures, Galaxy Ventures, Vertex Ventures, and even a global tech entrepreneur threw their weight behind the company, signaling confidence in its mission to merge crypto and everyday finance.
Founded in 2023 by former DBS banker Michael Gao, Redotpay has grown at lightning speed. The startup already counts over 5 million users and has processed $10 billion in annualized payments volume.
Its flagship products include prepaid cards supporting bitcoin and stablecoins at over 130 million merchants worldwide, as well as an app that covers…
