About RedotPay
RedotPay is a company based in Hong Kong (China) founded in 2023 by Jonathan Chan and Michael Gao.. RedotPay has raised $194 million across 3 funding rounds from investors including Galaxy, Accel and Lightspeed Venture Partners. RedotPay operates in a competitive market with competitors including Wirex, Shakepay, Intellabridge, Plutus and DolarApp, among others.
- Headquarter Hong Kong, China
- Founders Jonathan Chan, Michael Gao
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$194 M (USD)
in 3 rounds
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Latest Funding Round
$107 M (USD), Series B
Dec 16, 2025
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Investors
Galaxy
& 10 more
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Employee Count
Employee Count
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Funding Insights of RedotPay
RedotPay has successfully raised a total of $194M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $107 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $107.0M
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First Round
First Round
(14 Mar 2025)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series B - RedotPay | Valuation | Goodwater Capital | |
| Sep, 2025 | Amount | Series B - RedotPay | Valuation |
investors |
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| Mar, 2025 | Amount | Series A - RedotPay | Valuation | Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RedotPay
RedotPay has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Galaxy, Accel and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital and private equity investments are made across technologies.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RedotPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RedotPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redotpay Comparisons
Competitors of RedotPay
RedotPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wirex, Shakepay, Intellabridge, Plutus and DolarApp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based wallet for cryptocurrencies and traditional currencies is provided.
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| domain | founded_year | HQ Location |
Cryptocurrencies are exchanged via a mobile app platform.
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| domain | founded_year | HQ Location |
Blockchain protocols for financial applications are developed and provided.
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| domain | founded_year | HQ Location |
Bitcoin is converted to fiat for contactless mobile payments worldwide.
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| domain | founded_year | HQ Location |
Currency exchange is facilitated via an internet-first platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Redotpay
Frequently Asked Questions about RedotPay
When was RedotPay founded?
RedotPay was founded in 2023 and raised its 1st funding round 2 years after it was founded.
Where is RedotPay located?
RedotPay is headquartered in Hong Kong, China.
Who is the current CEO of RedotPay?
Michael Gao is the current CEO of RedotPay. They have also founded this company.
Is RedotPay a funded company?
RedotPay is a funded company, having raised a total of $194M across 3 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Mar 14, 2025.
What does RedotPay do?
RedotPay was founded in 2023 in Hong Kong, China, within the cryptocurrency sector. Virtual and physical payment cards are offered for crypto transactions, with instant approval processes. Deposits of cryptocurrencies are facilitated, alongside tools for managing digital assets. Operations focus on enabling seamless payments and asset handling through a dedicated app.
Who are the top competitors of RedotPay?
Who are RedotPay's investors?
RedotPay has 11 investors. Key investors include Galaxy, Accel, Lightspeed Venture Partners, Vertex Ventures SG, and HSG.
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