# RedotPay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redotpay

- Industry: Software
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.redotpay.com
- Total disclosed funding: $147M
- Latest round: Series B (Dec 16, 2025)
- Investors on record: 11

## About

Red F. Technology Limited, trading under the name RedotPay, founded in 2023 in Hong Kong, specializes in cryptocurrency payment solutions. In December 2025, RedotPay raised USD 107 million in series B funding led by new investor Goodwater Capital, with participation from other new investors Sequoia China Equity Partners (Hong Kong), Pantera Capital, Circle Ventures, and Blockchain Capital. Returning investor HSG and other unspecified investors also participated in the round.


RedotPay offers a comprehensive suite of cryptocurrency payment solutions designed to facilitate seamless transactions for users globally. Central to their offerings is a virtual and physical crypto card that allows customers to spend cryptocurrencies like fiat currency at over 130 million merchants worldwide. The cards support multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDC, and USDT, enabling users to deposit funds through various blockchain networks such as Bitcoin, Ethereum, and Solana. RedotPay targets a diverse client base, primarily encompassing cryptocurrency enthusiasts and consumers who wish to integrate digital currencies into their everyday spending. The company operates primarily in Hong Kong but also reaches users in various international markets, enhancing their appeal to a global audience.

RedotPay generates revenue through transaction fees associated with the use of its crypto cards and the services it provides. Users can make purchases or transfer funds using their crypto holdings, which facilitates a direct connection between traditional fiat transactions and cryptocurrency payments. For instance, a customer using RedotPay may purchase a coffee at a participating merchant, where the crypto card facilitates the transaction by converting the necessary cryptocurrency into the required fiat equivalent instantaneously. This model supports both direct-to-consumer sales and partnerships with retailers, allowing RedotPay to position itself as a vital intermediary in the evolving landscape of digital currency transactions. Payments are processed without advance fiat conversion, streamlining the user experience while allowing RedotPay to maintain a competitive edge in the market.

The company plans to use the December 2025 funding to improve product features, strengthen compliance and licensing, and pursue strategic acquisitions to expand its payments infrastructure.

## Funding rounds

- Series B, Dec 16, 2025, $107M — Pantera Capital, Blockchain Capital, Goodwater Capital, HSG, Sequoia China Equity Partners (Hong Kong), Circle Ventures
- Series A, Mar 14, 2025, $40M — Accel, Lightspeed Venture Partners, DST Global, Vertex Ventures, Galaxy Asset Management, HSG

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series A
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- HSG (https://capitalatlas.ai/funds/hsg) — Series A, Series B
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series B
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series B
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Series B
- Sequoia China Equity Partners (Hong Kong) — Series B
- Circle Ventures — Series B