RedotPay, a Hong Kong-based provider of a crypto payment platform, raised $40M in Series A funding.
The round was led by Lightspeed, following their commitment in December 2024, with investments from HSG and Galaxy Ventures. Other investors included DST Global Partners, Accel, and Vertex Ventures.
The company intends to use the funds to accelerate its product roadmap, enhance its payment ecosystem, enhance regulatory compliance frameworks, and expand its licensing presence across multiple jurisdictions.
Led by CEO Michael Gao, RedotPay is a crypto fintech bridging Web3 and traditional finance through blockchain solutions. Its crypto payment products enable its users globally to spend and send digital assets.
FinSMEs
17/03/2025