Redotpay increases $ 40 million to accelerate crypto payments

• Redotpay announced that it will get a round of Lightspeed in the series series, with HSG, Galaxy Ventures and others.
• The Crypo Fintech, introduced in 2023, plans to use the means to accelerate the introduction of crypto payment solutions.

REDOTPAY, a crypto payment platform that wants to bridge web3 and traditional finances. announced The completion of a financing round of 40 million US dollars a.

Venture Capital Platform Lightspeed led the round, with this followed after their commitment in December 2024. Redotpay also attracted several top VC players for the round, including HSG, Galaxy Ventures, DST Global Partners, Accel and Temasek Backed Vertex Ventures.

redotpay eyes crypto payments adoption

REDOTPAY was founded in April 2023 and quickly increased as an important alternative for the unscathed and now serves over 3 million registered users worldwide.

The company aims to make a boundless mining ecosystem, to mix Fiat and cryptocurrencies seamlessly. Its innovative approach enables users to issue digital assets with the simple traditional payment methods, a strategy that fueled their quick acceptance.

"Our team is proud to strengthen millions worldwide with financial access and at the same time close the gap between Fiat and Crypto," said Michael Gao, co -founder and Chief Executive Officer from Redotpay. "As we scale our platform functions, we look forward to working with Lightspeed, HSG, Galaxy and our other strategic investors to expand our reach and to speed up financial strengthening worldwide."

Lightspeeds Pinn Lawjindakul, partner, pressed the enthusiasm for the cooperation:

With the fresh capital, Redotpay plans to improve its ecosystem, increase compliance and expand worldwide. "We don't just build products. We solve real problems for our users," added Gao and underlines the effective mission of the platform. PWC advised Redotpay about this financing round.

At the beginning of this year Redotpay With Visa and Straitsx to introduce a crypto credit card with the introduction of digital financial payments in Singapore.

This milestone in February 2025 added the registration of the virtual assets (Virtual Asset Service Provider) in Lithuania in Lithuania. Redotpays Full registration received from Lithuens financial crime investment service service (FCIS) in December 2024, allowed Redotpay to formally enter the European market.

In particular, Binance Pay recently teamed up with XMoney to expand crypto payments in the European Union.