In a world where about 1.4 billion adults remain underserved by traditional banking, crypto payment platforms are stepping up—and RedotPay is leading the charge. With a newly secured $40 million Series A round, RedotPay is on a mission to empower the unbanked across the globe through inclusive, real-world crypto solutions.
On March 14, 2025, RedotPay announced the successful closing of its $40M Series A round, led by global venture capital firm Lightspeed, with strong participation from HSG, Galaxy Ventures, DST Global Partners, Accel, and Vertex Ventures (Temasek-backed).
This investment fuels RedotPay’s mission to make crypto payments more accessible and intuitive—especially for users who are unbanked, underbanked, or underserved by traditional financial systems.
“Our team takes pride in empowering millions globally with financial access while bridging the gap between fiat and crypto,” said Michael Gao, co-founder and CEO of RedotPay. “As we scale our platform capabilities, we look forward to partnering with Lightspeed, HSG, Galaxy, and our other strategic investors to expand our reach and accelerate financial empowerment worldwide.”
RedotPay isn’t just building another crypto card—it’s building a movement. The platform aims to bring financial inclusion to the forefront of the Web3 era, enabling users to spend, send, and manage their crypto in ways that feel familiar and practical.
With over 3 million users from more than 158 countries/regions, RedotPay is helping people tap into financial tools they’ve never had before—no bank account required.
Whether you’re making everyday purchases or supporting loved ones across borders, RedotPay’s crypto payment solutions put powerful, flexible financial tools in the hands of anyone with internet access.
At the heart of the RedotPay ecosystem is its crypto card—a game-changing product that allows users to spend crypto like fiat. Designed to be intuitive, secure, and widely accepted, the card turns your crypto into practical currency for daily life.
Access cash easily with your RedotPay physical card at ATMs worldwide.
Send & receive crypto with zero fees, or send crypto gifts at any amount.
Instant conversions between crypto and fiat at point of sale, with minimal fees.
“We don’t just build products. We solve real problems for our users. We stay engaged by listening, being transparent, and committed to improving their experience.” Michael Gao added, “The pace of adoption by crypto enthusiasts and those who’ve been left out by the traditional banking system shows that we are building something truly impactful.”
RedotPay’s Series A round was powered by some of the most influential names in fintech and crypto investing:
“RedotPay’s platform is already revolutionizing financial access for millions who lack access to traditional banking. We are excited to support RedotPay as they continue to build a more inclusive financial ecosystem and redefine the way people interact with money.” said Pinn Lawjindakul, Partner at Lightspeed.
With new funding in place, RedotPay is ready to push the boundaries of what a crypto payment platform can offer:
While many fintech startups chase hype, RedotPay is focused on impact—solving real problems for real people.
From refugee communities with no access to banks, to freelancers in emerging economies, to digital nomads looking for better financial flexibility, RedotPay is enabling financial freedom, powered by crypto.
If you’ve been waiting for a crypto card that works globally, intuitively, and responsibly—RedotPay is it.
👉 Explore RedotPay’s crypto card now!
Disclaimer: This publication is for informational purposes only and is not intended to constitute legal, financial, investment, or any other form of professional advice. RedotPay assumes no responsibility or liability for any errors or omissions in this publication. The information contained in this publication is provided on an “as is” basis, and RedotPay makes no representation or warranty, whether expressed or implied, in relation to it and its use. The information is provided with no guarantees of completeness, accuracy, usefulness, or timeliness. Readers should seek professional advice before taking any action in relation to the matters dealt with in this publication. The English version shall prevail in the event of any discrepancy or inconsistency between the various language versions hereof.
