RedotPay
RedotPay enables global payments and transfers using stablecoins for emerging markets.
RedotPay is a stablecoin-based fintech platform that combines crypto payment cards, cross-border payout rails, and multi-currency accounts into a unified financial app. It serves consumers in emerging markets facing currency instability and limited banking infrastructure by enabling global spending and transfers using cryptocurrencies without fiat conversion. With 6+ million users across 100+ countries and $10B+ annualized payment volume, RedotPay has achieved unicorn status ($1B+ valuation) in under 3 years, backed by tier-one investors including Lightspeed, Coinbase Ventures, and Goodwater Capital.
Problem solved
Consumers in emerging markets lose savings to inflation, face currency devaluation, and have limited access to stable financial infrastructure and global payment rails.
Target customer
Consumers in emerging markets (Nigeria, Brazil, Southeast Asia, MENA) facing currency risk and limited banking access; global users seeking stablecoin-based payments without fiat conversion.
Founders
M
Michael Gao
CEO & Co-Founder
Former banker at HSBC and DBS; core member of crypto service provider ChainUp; graduated from Nanyang Technological University Singapore.
J
Jonathan Chan
Co-Founder
Co-founder of RedotPay; background details not publicly specified.
T
Troy Yao
COO
Crypto industry veteran with experience at platforms like Huobi.
X
Xinman Fang
CTO
Software development and crypto industry experience from platforms like Huobi and VCB.
Funding history
Series A
$40M
March 2025
Led by Lightspeed Venture Partners
· HSG
Strategic Round
$47M
September 2025
Led by Coinbase Ventures
· Galaxy, Vertex
Series B
$107M
December 2025
Led by Goodwater Capital
· Pantera Capital, Blockchain Capital, Circle Ventures, HSG
Total raised:
$200M
Industries
Pricing
Virtual card $10, physical card $100. No monthly or annual fees. Conversion fees: 1% for USD, 2.2% for non-USD (1% + 1.2% FX markup). ATM withdrawals up to $116,250/month at 2% fee. Card issuance $10-$100.
Notable customers
Not disclosed; 6+ million registered users globally across 100+ countries as of November 2025.
Integrations
TON Blockchain (March 2025), Sui Blockchain (April 2026), Apple Pay, Google Pay, Visa (130+ million merchants), traditional banking rails for fiat on/off-ramps.
Tech stack
Astro (JavaScript frameworks)
Alpine.js (JavaScript frameworks)
Zendesk (Documentation)
Google Analytics (Analytics)
HSTS (Security)
Nginx (Reverse proxies)
OpenResty (Web servers)
HubSpot (Marketing automation)
Google Tag Manager (Tag managers)
Amazon Web Services (PaaS)
AWS Certificate Manager (SSL/TLS certificate authorities)
Amazon SES (Email)
Website
Competitors
Wirex
Pioneer in crypto cards supporting 150+ traditional and cryptocurrencies with real-time exchange rates; broader currency support but less focused on emerging market stablecoin infrastructure.
Crypto.com
Established crypto exchange with card product and 1-5% cashback rewards; RedotPay offers no rewards but focuses on stablecoin-based infrastructure and emerging markets.
Shakepay
Canadian crypto card platform; more focused on developed markets with different regulatory approach and customer base.
Plutus
Crypto rewards card; emphasizes cashback incentives whereas RedotPay prioritizes stablecoin infrastructure and cross-border utility.
Nexo
Crypto lending and card platform with 1-5% cashback; broader financial services but less specialized in stablecoin payments for emerging markets.
Why this matters: RedotPay achieved unicorn status ($1B+ valuation) in under 3 years with $200M raised from tier-one investors, generating $150M+ annualized revenue with 6M+ users and $10B+ payment volume. It represents a emerging-market-first approach to fintech, leveraging blockchain infrastructure to solve real currency instability and banking access problems affecting billions globally—a significant departure from traditional crypto cards that target developed-market retail traders.
Best for: Consumers in emerging markets needing stable currency alternatives, global remittances without intermediaries, and borderless spending; also suited for crypto-native users avoiding fiat conversion.
Use cases
Emerging Market Currency Stability
A Nigerian salaried worker receives income in local currency subject to devaluation. RedotPay allows conversion to USDC stablecoins held in a multi-currency account, preserving purchasing power while enabling global spending via card at 130+ million merchants without fiat conversion fees.
Zero-Fee Cross-Border Remittances
A Filipino worker in the Gulf sends money home to family. RedotPay's blockchain-based payout rails enable peer-to-peer transfers with zero fees, settling in minutes rather than days, with recipient able to hold or spend stablecoins immediately.
Crypto-Native Global Spending
A blockchain developer holds Sui or TON tokens and travels internationally. RedotPay integration enables direct spending of blockchain-native assets at global merchants without manual conversion, streamlining treasury management for crypto-heavy individuals.
Alternatives
Wirex
Choose Wirex for broader traditional-to-crypto currency pair support; choose RedotPay for stablecoin-focused infrastructure and emerging market optimization.
Crypto.com
Choose Crypto.com for rewards-heavy card and full exchange ecosystem; choose RedotPay for stablecoin-first design and zero-fee cross-border transfers.
Wise (TransferWise)
Choose Wise for traditional fiat multi-currency accounts; choose RedotPay for blockchain-based infrastructure and stablecoin holding without conversion risk.
FAQ
What does RedotPay do? +
RedotPay is a stablecoin-based fintech platform offering virtual and physical crypto cards, multi-currency accounts, and zero-fee cross-border payout rails. It enables consumers—particularly in emerging markets—to hold, move, convert, and spend cryptocurrencies and stablecoins globally without traditional banking intermediaries or currency conversion losses.
How much does RedotPay cost? +
Virtual card: $10. Physical card: $100. No monthly or annual fees. Conversion fees are 1% for USD and 2.2% for non-USD transactions (1% base + 1.2% FX markup). ATM withdrawals charge 2% with monthly limits of $116,250.
What are alternatives to RedotPay? +
Wirex (150+ crypto-fiat pairs, broader currency support), Crypto.com (exchange with rewards card and cashback), Shakepay (Canadian crypto card), Wise (multi-currency fiat accounts without stablecoin focus), and Nexo (crypto lending with rewards card).
Who uses RedotPay? +
6+ million registered users across 100+ countries, concentrated in emerging markets like Nigeria, Brazil, and Southeast Asia. Users are consumers facing currency instability, workers sending international remittances, and crypto-native individuals seeking borderless spending without fiat conversion.
How does RedotPay compare to Crypto.com? +
RedotPay focuses exclusively on stablecoin-based infrastructure and emerging markets with zero-fee transfers; Crypto.com is a broader exchange offering variable rewards (1-5% cashback) and supports volatile crypto pairs. RedotPay prioritizes currency stability and cross-border utility; Crypto.com emphasizes rewards and full trading capabilities.
Is RedotPay regulated? +
RedotPay obtained an MSO (Money Services Operator) license in Hong Kong in May 2023 and operates across 100+ countries. The platform uses blockchain infrastructure (TON, Sui integrations) while maintaining compliance with local payment regulations.
What blockchains does RedotPay support? +
RedotPay integrated TON Blockchain in March 2025 for USDT deposits and spending, and Sui Blockchain in April 2026 enabling users to spend Sui-native assets. The platform supports stablecoins (USDC, USDT) and is expanding blockchain connectivity.
Tags
stablecoin payments
emerging markets
crypto card
cross-border transfers
blockchain infrastructure
currency stability
remittances