Summary
- RedotPay said it successfully raised $47 million in new investment.
- It said the investment included Coinbase Ventures, Galaxy Ventures, and Vertex Ventures.
- RedotPay said it has more than 5 million users since launching its service and recorded $10 billion in total payment volume.
Stablecoin payments company RedotPay has raised $47 million (about 66 billion won) in new investment.
On the 25th (local time), Cointelegraph reported that RedotPay recently completed a $47 million fundraising. The investment round included Coinbase Ventures, Galaxy Ventures, and Vertex Ventures.
RedotPay is a stablecoin payments startup founded in 2023. Cointelegraph reported, "RedotPay has acquired more than 5 million users since launching its service," and "(so far) has processed $10 billion (about 14 trillion won) in total payment volume (TPV)."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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