On March 14th, according to an official announcement from RedotPay, it has completed a $40 million Series A financing round, led by Lightspeed with participation from HSG, Galaxy Ventures, DST Global Partners, Accel, Vertex Ventures, and others. This round of financing will be used to accelerate the expansion of global encrypted payment solutions.

RedotPay was founded in April 2023 and has developed over 3 million users, providing seamless encrypted currency payment and fiat currency conversion services, dedicated to providing financial services to the unbanked population.