RedotPay Achieves Unicorn Status With $47M Funding Backed by Coinbase Ventures

RedotPay, a Hong Kong-based fintech launched in 2023, has achieved unicorn status with a valuation exceeding $1 billion after securing $47 million in a strategic funding round led by Coinbase Ventures, alongside continued support from Galaxy Ventures, Vertex Ventures, and a global tech entrepreneur. The company offers stablecoin-powered cards, multi-currency wallets, and global payout services, serving over 5 million users across 100+ markets and processing $10 billion in annualized payment volume. Its Global Payout feature, launched in mid-2025, allows users to convert crypto directly into local bank deposits or e-wallet balances, gaining traction particularly in emerging markets like Latin America. RedotPay plans to utilize the new capital to expand global payment corridors, enhance compliance and licensing efforts, and accelerate adoption of its blockchain-based solutions worldwide. This milestone reflects growing investor confidence in stablecoin-driven finance amid intensifying competition and clearer regulatory frameworks in the sector. The company is also focused on deepening partnerships with traditional banks and payment networks to integrate stablecoin rails into everyday commerce.