# Red Dot Payment Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/red-dot-payment-private

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.reddotpayment.com
- Total disclosed funding: $6.6M
- Latest round: Series B (Aug 15, 2017)
- Investors on record: 4

## About

Red Dot Payment Private Limited is a Singapore-based company specializing in online payment solutions, providing businesses with secure and efficient transaction processing services.Founded in 2011 in Singapore, Red Dot Payment offers a range of online payment solutions. The company has undergone strategic shifts including a majority stake acquisition by PayU in July 2019, though specific details were not disclosed. The CEO is Randy Tan, who has a history of founding other companies in the fintech sector. As of the latest funding round, the company has raised a total of USD 8.00 mn with a current valuation of USD 66.33 mn, following a Series C funding round.Red Dot Payment offers a comprehensive suite of online payment solutions that enhance the payment experience for businesses and their customers. Core offerings include a secure payment gateway that supports multiple local and global payment methods in various currencies. Additionally, the company facilitates subscription-based payment models, automating invoice collection and payment processing. Their services cater to diverse clients, including e-commerce businesses and retailers across Southeast Asia, Europe, and North America.In 2024, Red Dot Payment reported a revenue of USD 21.63 mn, with an EBITDA of USD -242,047. The company's revenue model primarily relies on transaction fees from their payment processing services, where businesses incur charges based on transaction volumes and subscription plan features.Red Dot Payment aims to expand its offerings by designing new products geared towards enhancing user engagement and efficiency, with launches anticipated in the near future. The company is also focusing on market expansion into new regions, specifically targeting Southeast Asia and North America by the end of 2025. The recent funding round will enable the company to advance its technology and support its growth initiatives, particularly following the acquisition by PayU, which has positioned it for additional strategic developments.

## Funding rounds

- Series B, Aug 15, 2017, $5.3M — Wavemaker Partners, GMO VenturePartners, MDI Ventures, DORR Group
- Series A, Jul 7, 2016, $1.4M — Wavemaker Partners, GMO VenturePartners, MDI Ventures
- Seed, Nov 14, 2014 — Wavemaker Partners, GMO VenturePartners

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A, Series B
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Seed, Series A, Series B
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series A, Series B
- DORR Group — Series B