Crypto payments company RedotPay has closed a $47 million investment with participation from Coinbase Ventures and other investors, as per an official update on the company’s blog.
Other investors who participated in the investment were Galaxy Ventures and Vertex Ventures. The company says that after the investment, it has achieved unicorn status.
RedotPay’s core offerings are cryptocurrency cards, multi-currency wallets, credit, P2P Marketplaces, etc.
“Our mission has always been to make digital finance accessible, secure, and efficient for everyone,” said RedotPay CEO Michael Gao.
“Having Coinbase Ventures join us, along with the continued support from Galaxy Ventures and Vertex Ventures, validates the progress we’ve made and the confidence investors have in our vision. Their global expertise across both crypto and fintech will help us accelerate growth, strengthen compliance, and expand access to the broader blockchain ecosystem worldwide,”
Prior to this investment, RedotPay last secured $40 million in a Series A funding round.