Overview
- Coinbase Ventures joined the round as a new investor, with Galaxy Ventures and Vertex Ventures participating again.
- RedotPay reports over 5 million users across more than 100 markets and about $10 billion in annualized payment volume.
- The product suite includes stablecoin-powered cards, multicurrency wallets and a Global Payout feature that converts stablecoins to local bank or e‑wallet deposits, with early traction in Latin America.
- Proceeds are earmarked for growth, compliance and partnerships with banks and payment networks to extend global payment corridors.
- Forbes notes prepaid crypto cards usable at roughly 130 million merchants, while Coindoo reports an undisclosed tech entrepreneur joined the round and that total funding is near $90 million after a $40 million Series A earlier this year led by Lightspeed.