RedotPay

RedotPay is a stablecoin-based payment fintech that connects digital assets with traditional payment and banking infrastructure. Its consumer app lets users hold stablecoins and local currencies in a multi-currency wallet, convert between assets via an in-app Swap function, and spend through virtual and physical cards issued on major global card networks. The company states the cards are accepted at more than 130 million merchants, POS locations and ATMs, support Apple Pay and Google Pay, carry no annual fee, and allow spending of up to $100,000 per transaction [0][3][4].

Beyond card payments, RedotPay offers Send Globally (crypto sent by the user is received as local currency in a recipient's bank account, with Brazilian real cited as an example), free in-app transfers between RedotPay users identified by UID, email or phone, EUR and GBP currency accounts funded by bank transfer, a P2P Marketplace covering 50+ local currencies and 200+ payment methods, an Earn product paying daily rewards, and a crypto-collateralised Credit/loan product accepting BTC, ETH, SOL, TRX, XRP, BNB, TON and stablecoins. Additional features include Scan to Pay, mobile top-up, gifting, a points and rewards program, a RedotPay Pro membership, and a referral program paying up to 40% commission on referred users' transactions. Earn and P2P are available only in selected regions [0][3][4][5].

The company positions compliance and security as core pillars, citing a Virtual Asset Service Provider authorisation in Argentina, Money Services Business registration in Canada, FinCEN MSB registration in the United States (described as supporting internal operations and cross-border processing rather than serving U.S. citizens), and Hong Kong Money Lender and Trust or Company Service Provider licences covering custody and lending. It also reports ISO/IEC 27001 certification, PCI DSS compliance, SOC 2 Type II certification, MPC-based custody infrastructure, third-party audits and institutional-grade insurance on digital assets [2]. RedotPay states it is a fintech service provider and not a bank, with the multi-currency wallet provided by licensed financial institutions [0].

Founding story

RedotPay was founded in April 2023 and is co-founded and led by CEO Michael Gao [6][7].

Business model

RedotPay operates a consumer-facing payments app and card program that monetises transaction flow across card spending, global payouts, swaps and crypto-backed credit. It reported over US$150 million in annualised revenue as of the December 2025 Series B announcement and described itself as delivering profitable growth through an efficient, scalable model [6]. The company also offers a paid-tier membership (RedotPay Pro) and a business offering alongside its personal products [0].

Revenue is generated from payment and card-related services; the company advertises no annual card fee, competitive spending rates, and fee-free in-app transfers and P2P trading, while charging on other card and transaction activity, and it operates a crypto-collateralised lending product under a Hong Kong money lender licence [0][3][4]. Annualised revenue was stated at over US$150 million as of November/December 2025 [6].

Traction

Company materials report 8 million-plus global users, presence in 100-plus countries and US$12 billion annualised payment volume [0][2][3]. The December 2025 Series B release reported over 6 million registered users as of November 2025, over US$10 billion annualised payment volume, over US$150 million annualised revenue, payment volume nearly tripling year-on-year, and more than 3 million new users added in 2025 through November [6]. In March 2025 the company reported over 3 million registered users [7]. Its iOS app holds a 4.8 rating from about 3,900 ratings [4].

Latest developments

In December 2025 RedotPay announced a US$107 million Series B led by Goodwater Capital with Pantera Capital, Blockchain Capital, Circle Ventures and existing investor HSG, stating proceeds would fund strategic acquisitions, licensing and compliance expansion for new markets, and global hiring across engineering, product and compliance [6]. The site also notes Apple Pay support for payments on RedotPay in Safari and a Hong Kong Money Lender's Licence numbered 1715/2025 [0][3].