Mentioned:
One of crypto’s most exciting payment startups has just raised a new round of capital. And it’s being backed by some of the biggest venture capital investors in the world.
What’s happening:
- Crypto payments startup RedotPay has raised $40M USD in a new Series A financing round
Why it matters:
- The new round was led by Lightspeed and other highly notable digital asset investors, including Galaxy Digital (TSX: GLXY) and Vertex Ventures
Going deeper:
- RedotPay has built one of the most popular physical payment cards for crypto, which allows users to seamlessly spend digital assets with merchants globally and supports highly popular digital assets for deposits such as Bitcoin, Ethereum, Solana and Arbitrum
- Currently, RedotPay is being used by more than 3M individuals globally and is accepted at more than 150M merchants
The intrigue:
- Leveraging digital assets for payments continues to be an emerging theme, which recently led to the Dogecoin Foundation launching an exclusive partnership with House of Doge to ramp up the adoption of Dogecoin as a payment method with global brands
