HONG KONG – March 17, 2025 – RedotPay, the Hong Kong-licensed cryptocurrency payment infrastructure provider, today announced closing a $40 million Series A funding round led by Lightspeed, with participation from Sequoia China (HSG), Galaxy Ventures, DST Global Partners, Accel, and Temasek-backed Vertex Ventures. The oversubscribed round signals robust investor confidence in blockchain-powered payment solutions despite ongoing market volatility.
Founded in 2023, the fintech innovator bridges traditional digital payments with cryptocurrency ecosystems, enabling seamless cross-border transactions. Its proprietary platform allows 3 million+ users across 158 countries to spend digital assets at 44 million global merchant locations with fiat-like convenience.
The fresh capital injection will accelerate three strategic priorities:
- Global expansion into emerging crypto-adoption markets
- Enhanced UX/UI development for mainstream accessibility
- Strengthened regulatory compliance infrastructure
“Today marks a pivotal step toward realizing crypto’s promise as a daily transactional medium,” said CEO Michael Gao. “We’re dismantling technical and geographic barriers to create truly inclusive financial infrastructure.”
Lightspeed Partner Pinn Lawjindakul highlighted RedotPay’s unique positioning: “The team demonstrates rare executional excellence in merging blockchain efficiency with conventional payment rails. Their recent Visa-partnered crypto card rollout in Singapore exemplifies this synergy.”
Industry Context
The funding arrives as cryptocurrency payment adoption surges, with the global cryptocurrency user base projected to exceed 1.2 billion by 2025 (Statistica). RedotPay’s strategic partnership with Visa and StraitsX to launch Asia-Pacific crypto payment cards positions the company at the forefront of institutional blockchain adoption.
About RedotPay
Regulated under Hong Kong’s Payment Systems Ordinance, RedotPay provides compliant crypto payment solutions for consumers and enterprises. The platform supports 18 major digital assets with real-time fiat conversion capabilities.
