RedotPay, a stablecoin payment company, has made its way onto the list of fintech unicorns after achieving an impressive $47 million round of strategic investment, bringing its valuation to $1 billion.
Coinbase Ventures featured as a brand new high-profile subscriber to the round, while Galaxy Ventures and Vertex Ventures confirmed their sponsorship.
Additionally, a global technology entrepreneur, who opted to remain anonymous, was also involved in the raise.
In the venture capital world, a unicorn is a privately held company worth at least $1 billion, which RedotPay achieved only 18 months after founding in April 2023.
Rapid Growth Since Founding in 2023
Since its launch, RedotPay has gained traction and has reached more than five million users and $10 billion in total payment volume (TPV).
It provides a variety of financial services powered by stablecoin, including multicurrency wallets, crypto-enabled payment cards, and global payout services.
The latest backing from industry leaders illustrates investor confidence expressed in RedotPay’s current momentum and long-term strategy, according to CEO Michael Gao.
“Having Coinbase Ventures come on board in addition to Galaxy Ventures and Vertex Ventures publicly expressing faith and support in our vision, investors see the progress being made,” said Gao in a statement.
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Expanding Global Services and Licensing
RedotPay’s Global Payout function, launched in June 2025, is quickly becoming the focus of attention in areas like Latin America, where the offering appears to be especially useful (and popular).
The offering gives users an easy option to send crypto directly to local bank accounts or e-wallets to bridge the gap between traditional currencies and digital currencies/assets.
The company currently holds licenses in Hong Kong, Europe, and Argentina, and is applying for additional licenses as well.
RedotPay also offered crypto-enabled point-of-sale payment cards in South Korea in May that will allow consumers to shop at Visa-supported merchants, adding to its global footprint.
Funding Momentum Strengthens Competitive Position
With the recent $47 million round, RedotPay has been funded, totaling nearly $90 million.
Earlier this year, in March, the company closed a $40 million Series A round led by Lightspeed with participation from HSG and Galaxy Ventures, UnoCrypto reported.
The funding rounds have established RedotPay in the growing sector of stablecoin payments, which is quickly becoming more competitive.
Notably, the company has indicated plans to expand internationally, deepen connections with banks and payment networks, and enhance compliance with international regulations, all of which are crucial for sustained growth at scale.
Broader Market Sees Increased Investment in Stablecoin Infrastructure
The success of RedotPay arrives on the heels of an uptick in capital into crypto payments and stablecoin infrastructure startups.
On Wednesday, Bastion, a white-label stablecoin issuer platform, closed a $14.6 million round led by Coinbase Ventures, which included participation from several other funds, such as Sony, Samsung Next, and Andreessen Horowitz.
Earlier this week, London-based Fnality closed on $136 million in Series C funding, with participation from several major global banking institutions, including Bank of America, Citi, and Goldman Sachs.
The past month has also included Bio Protocol raising $6.9 million from Maelstrom and Animoca Brands in September as they advance decentralized science efforts, according to UnoCryptro.
This highlights the growing pace of the sector, as RedotPay joins the ranks as the latest unicorn to innovate in the global payments arena with crypto.
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