RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status.

The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday email.

RedotPay aims to blend blockchain speed and efficiency with traditional payment networks. Founded in 2023, the company has more than 5 million users across over 100 markets and processes an annualized $10 billion through stablecoin-powered cards, multicurrency wallets and global payout services.

The new money will accelerate growth, compliance and integration with the broader blockchain ecosystem, CEO Michael Gao said in the emailed announcement.

RedotPay’s Global Payout feature allows users to send stablecoins directly to local bank accounts or e-wallets, an offering that has seen strong adoption in emerging markets like Latin America, the company said.

The company's ascension to unicorn status comes at a time when competition among stablecoin issuers and payment rails is intensifying, in part due to stablecoin regulations being introduced in some of the world's foremost jurisdictions.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。