Overview

• The strategic round included renewed support from Galaxy Ventures and Vertex Ventures, with RedotPay saying the financing lifts its valuation above $1 billion.
• RedotPay reports more than 5 million users across 100+ markets and about $10 billion in annualized payment volume through stablecoin cards, multicurrency wallets, and payout services.
• CEO Michael Gao said the capital will speed growth, licensing efforts, and deeper integration with blockchain payment networks.
• The company highlights early traction for its Global Payout feature, which converts stablecoins to local bank deposits or e‑wallet balances, with uptake reported in Latin America.
• Coindoo reports the round also drew an undisclosed tech entrepreneur and brings total funding near $90 million, following a $40 million Series A earlier this year.