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Crypto platform RedotPay hits unicorn status with $47m raise

RedotPay, a global fintech company specializing in stablecoin-based payments, has raised US$47 million in a strategic round with new participation from Coinbase Ventures and a global tech entrepreneur.

Galaxy Ventures and Vertex Ventures also took part in the round.

This milestone establishes RedotPay as one of the fintech unicorns.

Founded in April 2023, RedotPay provides stablecoin cards, multi-currency wallets, and global payout solutions across more than 100 markets.

The company claims to have processed US$10 billion in annualized total payment volume and to serve over 5 million users, though these figures have not been independently verified.

RedotPay launched a Global Payout feature in June 2025, enabling users to send stablecoins or cryptocurrencies to local bank accounts and e-wallets, with reported traction in Latin America.

🔗 Source: RedotPay

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