RedotPay, a global stablecoin-based payment fintech, secured a $47 million strategic investment led by Coinbase Ventures, with continued backing from Galaxy Ventures and Vertex Ventures, to accelerate its global expansion and compliance efforts. Founded in April 2023, RedotPay has scaled to over five million users and $10 billion in annualized TPV through products like stablecoin-based cards, multi-currency wallets, and its Global Payout feature, enabling direct transfers to local bank accounts and e-wallets. The funding underscores investor confidence in RedotPay’s hybrid model, which combines blockchain efficiency with traditional payment networks to advance financial inclusion across more than 100 markets.
Stablecoin Payments Firm RedotPay Announces $47M Investment
