The raise drew in Coinbase Ventures as a new backer, with Galaxy Ventures and Vertex Ventures doubling down on earlier commitments. An influential but undisclosed tech entrepreneur also joined the round.
RedotPay’s rise has been rapid. In little over two years, the company says it has processed $10 billion worth of payments and built a user base of five million. Its product suite revolves around stablecoin rails – from prepaid cards and multicurrency wallets to global payout tools designed for regions where traditional banking services remain slow or inaccessible.
One standout service, Global Payout, launched in mid-2025 and has already begun making inroads in Latin America. The feature lets users convert crypto directly into local bank deposits or e-wallet balances, effectively bypassing remittance bottlenecks. RedotPay has stressed that its licensing push – currently covering Hong Kong, Europe, and Argentina – is crucial for scaling such services responsibly.
The company has now raised close to $90 million in total, following a $40 million Series A earlier this year led by Lightspeed. CEO Michael Gao described the latest round as validation of both the platform’s progress and the broader role stablecoins could play in payments infrastructure.
The news comes during a busy week for the sector. Stablecoin infrastructure provider Bastion secured $14.6 million from a roster including Coinbase Ventures, Sony, and Andreessen Horowitz, while UK-based blockchain payments firm Fnality locked in $136 million from major banks and asset managers.
For RedotPay, achieving unicorn status is more than a valuation milestone – it signals that stablecoin-driven finance is moving firmly into the mainstream, with investors betting on its potential to transform global money movement.
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