PANews reported on March 14 that according to RedotPay's official announcement, 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, etc. This round of financing will be used to accelerate the expansion of global encrypted payment solutions.

Founded in April 2023, RedotPay has developed over 3 million users, providing seamless cryptocurrency payment and fiat currency conversion services, and is committed to providing financial services to the unbanked population.