Crypto Payment Platform Redotpay He has raised $ 40 million in a round of funds from Serie A directed by Lightspeed. The financing round also attracted HSG investments, Galaxy Ventures, DST Global Partners, Accel, VerTex Ventures (VC backed by Tessak) and others.
Founded in April 2023, Redotpay quickly settled as a pioneering alternative to traditional banking for non -banking. With more than 3 million registered users worldwide, the rapid adoption of the cryptographic card and the industry’s payment platform underlines the growing demand for payment solutions based on cryptography in everyday transactions.
Redotpay’s mission is to create a border -free payment ecosystem that binds to Fiat perfection and cryptocurrencies. By integrating traditional digital payment technology with cryptocurrencies, Redotpay allows users to easily spend digital assets with the familiarity of conventional payment methods. The intuitive design of the platform and the focus on practical cryptography applications have been the key market differentiar.
Michael GaoCo -founder and CEO of Rodotpay, said: “As we climb the capabilities of our platform, we hope to associate with Lightspeed, HSG, Galaxy and our other strategic investors to expand our reach and accelerate financial empowerment throughout the world.”
The success of the round highlights the alignment of investors with the vision of Redotpay to integrate cryptocurrencies into daily use. Lightspeed, a global several stages investor, leading leaders and investor centered on Fintech, directed the financing round.
Pinn Lawjindakul, Lightspeed partner, commented: “We are delighted to partner with Michael Gao and his team while working to remodel the financial landscape. The Redotpay platform is already revolutionizing financial access for millions that lack access to traditional banking. We are excited to support Redotpay as they continue to build a more inclusive financial ecosystem and more inclusive financial ecosystem and redefine the way people interact with money with money “”. ” “.”
“Cryptographic payments are no longer a concept of niche: they are becoming a fundamental part of the global financial infrastructure. The perfect roundpay integration of digital assets with daily payments is a change of play for millions of consumers worldwide. We are excited to be part of their trip,” said Will Nuelle, a general partner of the galaxy companies.
With this new financing, Redotpay plans to accelerate your product roadmap, improve your payment ecosystem for a softer user experience, reinforce regulatory compliance frames and expand your licensing footprint in multiple jurisdictions.
“Not only do we build products. We solve real problems for our users. We stay compromised listening, being transparent and committed to improving their experience.” Michael Gao added: “The rhythm of adoption of cryptography enthusiasts and those who have been left by the traditional banking system shows that we are building something really shocking.”
PWC’s Finance and Venture & Growth teams served as Redotpay Financial Advisor for their Financing Round to Serie A.
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