Overview

• The $47 million strategic round brought in Coinbase Ventures alongside Galaxy Ventures and Vertex Ventures, with an unnamed global technology entrepreneur also participating, the company said.
• The raise follows a $40 million Series A earlier this year led by Lightspeed, bringing total disclosed funding to nearly $90 million, according to company statements.
• RedotPay says it will use the proceeds to expand services, secure regulatory licenses and deepen compliance and partner integrations across its network.
• Founded in 2023 by ex-DBS banker Michael Gao, the firm offers stablecoin-powered prepaid cards, multicurrency wallets and a Global Payout tool, with card acceptance the company claims spans about 130 million merchants.
• The company reports more than 5 million users across 100+ markets and roughly $10 billion in annualized payment volume, and says Global Payout has gained traction in Latin America by sending stablecoins to local bank accounts or e-wallets.