• RedotPay, together with HSG, Galaxy Ventures and different members, introduced it has secured $40 million within the Collection A spherical led by LightSpeed.
• Launched in 2023, Crypo Fintech plans to make use of funds to speed up adoption of crypto cost options.

RedotPay, a cryptocurrency funds platform that’s trying to bridge Web3 with conventional finance, has introduced the completion of its $40 million Collection A funding spherical.

Enterprise capital platform LightSpeed ​​led the spherical, following its December 2024 dedication. RedotPay additionally attracted a number of high VC gamers within the spherical, together with HSG, Galaxy Ventures, DST International Companions, Accel and Temasek-backed Vertex Ventures.

Recruiting RedotPay Eyes Crypto Funds

Established in April 2023, RedotPay rapidly rose as an vital various for non-bankers.

The corporate goals to seamlessly mix Fiat and cryptocurrency to create a boundary-free funds ecosystem. Its progressive strategy permits customers to spend digital belongings by facilitating conventional cost strategies. This can be a technique that has inspired fast adoption.

“We’re dedicated to offering a spread of providers to our prospects,” stated Michael Gao, co-founder and CEO of RedotPay. “As we broaden our platform capabilities, we stay up for partnering with LightSpeed, HSG, Galaxy and different strategic traders to broaden our attain and speed up monetary empowerment around the globe.”

Companion Pinn Lawjindakul of Lightspeed has expressed his enthusiasm for the collaboration.

With the recent capital, RedotPay plans to strengthen its ecosystem, improve compliance and broaden globally. “We’re not simply constructing merchandise. Gao highlights the platform’s impactful mission to unravel actual issues for customers. PWC suggested RedotPay on this funding spherical.

Earlier this 12 months, RedotPay labored with Visa and Straitsx to launch a crypto bank card aimed toward adopting digital asset funds in Singapore.

This February 2025 milestone has been added to the Lithuanian Digital Asset Service Supplier (VASP) registration. Full registration of RedotPay, obtained from Lithuania’s Monetary Crime Investigation Service (FCIS), in December 2024, allowed RedotPay to formally enter the European market.

Particularly, Binance Pay not too long ago partnered with Xmoney to broaden crypto funds throughout the European Union.