RedotPay, a Hong Kong-based crypto payment platform, has raised US$40 million in a series A funding round led by Lightspeed. Other investors include Galaxy Ventures, HSG, DST Global Partners, Accel, and Vertex Ventures.

The company announced the funding on Mar. 14.

Founded in 2023, RedotPay has over 3 million users globally. The funding will help integrate cryptocurrency payments into everyday transactions.

This positions RedotPay as a competitor to established players like Revolut and PayPal, which also bridge digital assets with traditional finance.