RedotPay

Based in Hong Kong, Red F. Technology Limited, trading under the name RedotPay is a cryptocurrency payment solutions provider that facilitates seamless digital transactions globally, offering innovative crypto card services for everyday purchases and transfers. Founded in 2023 in Hong Kong by Michael Gao and Jonathan Chan, Red F. Technology Limited, DBA RedotPay is a global stablecoin-based payment fintech that integrates blockchain solutions with traditional banking and finance infrastructures.

Michael Gao is the current CEO. In December 2025, RedotPay raised USD 107 million in series B funding led by Goodwater Capital, with participation from Pantera Capital, Circle Ventures, and Blockchain Capital. HSG and other unspecified investors also participated in the round. 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.

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.

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.