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RedotPay successfully raises 40 million USD
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RedotPay, a cryptocurrency payment platform based in Hong Kong, announces a Series A funding round of 40 million USD, led by Lightspeed. Other investors such as HSG, Galaxy Ventures, DST Global Partners, Accel, and Vertex Ventures also participated.
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The raised funds will be used to accelerate RedotPay's product roadmap. The company plans to improve the payment ecosystem, enhance regulatory compliance, and expand its operating licenses in multiple regions.
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New improvements aim to provide a smooth transaction experience while strengthening its position in the rapidly growing cryptocurrency market.
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RedotPay's successful fundraising reflects strong confidence in the potential of cryptocurrency payments. Users in the blockchain field can benefit from a platform supported by reputable funds, promising sustainable growth in 2025.
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RedotPay focuses on building a borderless payment ecosystem. The platform integrates traditional digital payment technology with blockchain, allowing for the easy use of cryptocurrencies as a conventional payment method.
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Launched in April 2023, RedotPay quickly attracted over 3 million global users thanks to its hybrid payment solution combining fiat and cryptocurrency. Prior to the latest funding round, RedotPay achieved several notable milestones. In November 2023, the company released a physical Visa card supporting ATM withdrawals. Recently, the platform integrated with the Solana and Arbitrum blockchains.
