Stablecoin payment firm Redotpay said it joined the rank of FinTech Unicorn after obtaining a $ 47 million strategic investment.
Increasing participation from Coinbase Ventures, with continued backbone from Galaxy Ventures and Vertex Ventures, and support from a global tech businessman whose identity is not disclosed, according to an announcement shared with cointelegraph. In Venture Capital, a Unicorn refers to a privately held startup worth $ 1 billion or more.
“Having Coinbase Ventures joined us, along with continued support from Galaxy Ventures and Vertex Ventures, proved the development we had made and the confidence of investors was in our vision,” said CEO Michael Gao.
Established on April 2023, RedotPay offers stablecoin-powered cards, multicurrency wallets and global payment services. The company has been reported to have reached more than 5 million users and processed $ 10 billion in total payment volume (TPV) since it launched.
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The global payment of the global redotpay
Redotpay’s Global Payout Service, launched in June 2025, allows users to send crypto directly to local bank accounts or e-wallets and already gain momentum in underserved regions, including Latin America.
“We are currently licensed at our headquarters, Hong Kong, and our region of satellite in Europe and Argentina, with many applications around the world,” said a RedotPay spokesman.
In May, redotpay Crypto payment cards launched In South Korea, allowing users to make purchases to any visa -supported businessman.
At the forefront, RedotPay plans to expand global corridors and deepen cooperation with banks and payment networks. It also appreciates the adherence to global licensing and regulation.
The latest funding has raised the company’s total funding to nearly $ 90 million. Redotpay closed a $ 40 million series of a funding LightSpeed -led spin, with participation from HSG and Galaxy Ventures in March.
Related: ASIC licensing policies for Stablecoin distributors in Australia
Bastion raises $ 14.6 million
On Wednesday, the Stablecoin Infrastructure Startup Bastion raised $ 14.6 million In a twist -led by Coinbase Ventures, with backing from Sony, Samsung Next, Andreessen Horowitz and hashed. Bastion offers a white-label platform that allows companies to issue stablecoins without the need for their own licenses or infrastructure.
Everywhere, on Tuesday, the London -based blockchain -based firm Raised $ 136 million in a series C Round Leading by major institutions including Bank of America, Citi, TeMasek and Wisdomtree, with constant backbone from Goldman Sachs, Barclays and others.
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