What RedotPay does

RedotPay is a Hong Kong-headquartered, stablecoin-based payments fintech founded in April 2023 that operates a single unified platform combining a consumer wallet and card product with a B2B payment gateway. The company's technology stack bridges on-chain blockchain rails — supporting USDT, USDC, BTC, ETH, SOL, XRP, SUI, TON, TRX, BNB, and other assets across networks including Sui, Solana, Polygon, Arbitrum, and TON — with off-chain card networks (Visa, Mastercard) and traditional banking. It uses MPC-based custody, ISO/IEC 27001 certified information security management, PCI DSS 4.0 compliance, end-to-end encryption, and real-time transaction screening. The product surface includes virtual and physical Visa/Mastercard cards (the flagship RedotPay Card accepted at 130M+ merchants via Apple Pay and Google Pay), a Multi-Currency Wallet, Send-to-Bank/e-Wallet and Send-to-RedotPay-User transfers, crypto-collateralized Credit (provided by RFTL under Hong Kong Money Lender Licence 1715/2025), an Earn yield product, Swap, a zero-fee P2P Marketplace supporting 50+ local currencies and 200+ payment methods, and the newer RedotPay Connect B2B gateway that aggregates seven major wallets (MetaMask, Coinbase Wallet, Trust, OKX, Bitget, imToken, TokenPocket, Rainbow) with T+0 local-currency settlement. AI agentic payments are built on Tempo's Machine Payments Protocol, enabling consumer AI agents to execute stablecoin transactions end-to-end via the RedotPay Skill.

RedotPay's business model is primarily transaction-fee driven. Card transaction fees of 1-3% on crypto-to-fiat spending plus $1-5 monthly card maintenance fees and FX/conversion spreads on crypto-to-fiat and cross-currency transactions form the bulk of revenue. The RedotPay Connect B2B gateway captures the spread between crypto acceptance and local-currency settlement, positioning merchant discount rates up to 70% below traditional card processing. Recurring revenue comes from the RedotPay Pro membership subscription at $12.90/month or $129/year, yield margin on Earn balances, and interest income from the Crypto Credit product. The company has 7M+ registered users across 100+ countries, reported $10B+ in annualized payment volume (approximately 300% year-over-year growth), and disclosed $150M+ in annualized revenue with profitability as of December 2025. Go-to-market is hybrid: direct-to-consumer through self-serve mobile app onboarding, sales-led and channel-partner motions for B2B merchants, and a content-driven affiliate program offering up to 40% commission.

The regulatory footprint is unusually broad for a crypto-card issuer: VASP registration with Argentina's CNV and Mexico's regulator, MSB registration with FINTRAC in Canada and FinCEN in the United States, and Hong Kong Money Lender and TCSP licenses. The company has raised approximately $194 million in 2025 across a $40M Lightspeed-led Series A, a $47M strategic round, and a $107M Goodwater-led Series B, achieving unicorn status at over $1B valuation in September 2025 and reportedly preparing a US IPO targeting a $4B+ valuation with JPMorgan, Goldman Sachs, and Jefferies. RedotPay holds 61% cumulative crypto card volume share as of June 2026, down from 93% a year prior as challengers such as KAST and EtherFi emerge. The company closed its Pakistani multi-currency fiat corridor in early 2026, and Bloomberg reported the departure of at least five senior executives, including the absence of a CFO, in March 2026 — both material signals worth weighing against the otherwise hyper-growth profile.

Name

RedotPay

Legal name

Rabbit7 Holding (BVI) Limited

Website

https://redotpay.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

RedotPay is a Hong Kong-headquartered stablecoin payments fintech that lets consumers spend, send, and earn on USDT, USDC, and other digital assets via Visa/Mastercard cards at 130M+ merchants, and provides merchants a B2B stablecoin acceptance gateway across 100+ countries.

Ownership category

akta.pro rank

Product category

Stablecoin Payment Platform

NAICS

Credit Card Issuing (522210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Merchant Acquirers & PSPs (Payment Service Providers) (FSADAIAB)

akta.pro secondary industries

Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Stablecoin payment cards
• Crypto debit cards
• Cross-border remittance
• Crypto-collateralized lending
• B2B stablecoin gateway

Headquarters

HQ city

Central

HQ country

Hong Kong SAR China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Card transaction fees: Charges 1-3% transaction fees on crypto-to-fiat card spending plus $1-5 monthly maintenance fees on RedotPay virtual and physical Visa/Mastercard cards. Drives the bulk of consumer payment revenue across 130M+ merchants.
2. FX / conversion spread (crypto-to-fiat and cross-currency): Margin earned when converting between crypto and local fiat at point of sale, on remittances, and on swap transactions. Especially material in emerging markets with volatile local currencies.
3. P2P marketplace facilitation (zero platform fees): P2P marketplace lists no platform trading fees to users; revenue is generated indirectly via spread on conversions and ecosystem engagement, with 50+ local currencies and 200+ payment methods supported.
4. RedotPay Connect B2B merchant processing: B2B payment gateway for merchants to accept stablecoins and settle in local currencies (USD/EUR/GBP). Merchant discount rates up to 70% lower than traditional card payments — RedotPay captures the spread between crypto acceptance and local-currency settlement.
5. RedotPay Earn yield margin: Yield product on stablecoin and crypto balances; RedotPay retains a portion of the yield generated on customer assets in exchange for daily rewards and flexible withdrawals.
6. RedotPay Pro membership subscription: Subscription tier offering 3% cashback on Apple/Google Pay, free physical/virtual card, $1,000/month fee-free ATM withdrawals, and +1% APY on Earn. Monthly $12.90 or Annual $129 tiers.
7. Crypto-collateralized credit interest: Interest income from Crypto Credit product (Stable Rate Loans and Card Automatic Loans with 24-hour initial terms). Provided by RFTL under Hong Kong Money Lender Licence 1715/2025.
8. Affiliate program revenue share (cost side): Affiliate channel pays up to 40% commissions to referrers; this is a marketing cost funded by the underlying transaction-fee and FX-spread revenue streams.

Pricing tiers

Go-to-market motion5 records

Distribution channels8 records

Marketing channels8 records

Core offering

RedotPay issues crypto-backed Visa and Mastercard physical and virtual cards that let users spend stablecoins (USDT, USDC) and other digital assets (BTC, ETH, SOL, XRP, SUI, TON) at 130M+ merchants globally via Apple Pay and Google Pay. The platform bundles a multi-currency wallet, P2P marketplace, crypto-collateralized credit, yield-bearing Earn product, swap, and send-to-bank remittance around this card core. RedotPay Connect extends the platform into B2B as a single-integration gateway enabling merchants to accept stablecoin payments from 7+ major wallets and settle in local currencies (USD, EUR, GBP) with T+0 settlement.

Product overview

RedotPay is a single unified stablecoin-based payments platform that combines a consumer wallet/fintech app with a B2B payment gateway. At the core is the Multi-Currency Wallet, which is paired with the RedotPay Card (physical and virtual) — the brand's flagship consumer product — to let users spend stablecoins and crypto at the global Visa and Mastercard network via Apple Pay and Google Pay. Around this core, RedotPay bundles a set of consumer modules including Credit (crypto-backed loans), Earn (yield), Swap, P2P Marketplace, Send to Bank & E-Wallet, Send to RedotPay User, Scan to Pay, the Subscription and Loyalty Rewards programs, the Affiliate Program, the RedotPay Pro membership tier, and engagement features such as the Prize Draw. On the business side, RedotPay Connect is the dedicated B2B platform that exposes payment acceptance, merchant dashboard, OpenAPI access, T+0 settlement reconciliation, refunds, chargebacks, and reports to merchants — and is also positioned to accept payments from AI agents via the RedotPay Skill and Agentic Payments layer. Supporting wallet and account capabilities (Self-Custody Wallet & Smart Contract Vault, Virtual Account, Crypto Transfer, and Fiat Remittance services) complete the platform's offering.

Differentiator

Problem solved

Functional benefit

Brands

• RedotPay Connect: B2B stablecoin payment gateway launched at Money20/20 Europe (June 2026) that lets merchants accept stablecoin payments and settle in local currencies such as USD, EUR and GBP.
• RedotPay Pro
• RedotPay Card

Products and services

• RedotPay Card (Physical and Virtual) Visa- and Mastercard-branded physical and virtual cards that let users spend stablecoins (USDT, USDC) and crypto balances (BTC, ETH, SOL, XRP, SUI) at 130M+ global merchants via Apple Pay and Google Pay. Targeted at crypto holders and emerging-market consumers seeking real-world utility for digital assets.
• RedotPay Connect B2B payment gateway with merchant dashboard and OpenAPI that enables merchants to accept stablecoin and crypto payments from users and AI agents, providing T+0 settlement in local currencies (USD, EUR, GBP), refunds, chargebacks, settlement and payout reports, and team access management. Targeted at global merchants and online businesses seeking lower-cost crypto payment acceptance.
• Multi-Currency Wallet Unified consumer wallet supporting USD, BTC, ETH, USDT, XRP, SUI, USDC, and other assets; enables seamless on-chain transfers, third-party wallet/exchange top-ups (Binance, PayPal), and direct card funding. Targeted at crypto holders and global consumers.
• Earn Yield-bearing product on eligible crypto and stablecoin balances held in the RedotPay wallet, with flexible withdrawals and daily rewards; Pro members receive a +1% APY boost. Targeted at crypto holders seeking yield on idle balances.
• Credit Crypto-collateralized loan product that lets users borrow against their digital-asset holdings without selling and without credit checks; includes LTV-based margin call monitoring and liquidation risk alerts. Provided under Hong Kong Money Lender Licence 1715/2025. Targeted at crypto holders seeking liquidity without selling.
• P2P Marketplace Peer-to-peer marketplace for users to trade stablecoins and crypto directly with other RedotPay users, supporting 50+ local currencies and 200+ payment methods with zero platform trading fees and built-in crypto escrow for trade protection. Targeted at crypto holders and emerging-market consumers.
• Send to Bank & E-Wallet Remittance/payout product that enables users to send funds from their RedotPay balance to external bank accounts and e-wallets globally, with live corridors in Brazil, Nigeria (NGN via Ripple), and Mexico (via Circle Payments Network). Targeted at freelancers, migrant workers, and emerging-market consumers.
• Send to RedotPay User Free, instant peer-to-peer transfer feature that lets RedotPay users send funds to other RedotPay users by username/identifier, with zero fees. Targeted at RedotPay app users.
• Swap In-app token swap feature that allows users to exchange supported crypto and stablecoin assets at competitive rates. Targeted at RedotPay wallet users.
• RedotPay Pro Premium consumer membership tier offering 3% cashback on Apple Pay and Google Pay, free virtual or physical card, $1,000/month fee-free ATM withdrawals, and a +1% APY boost on Earn for Annual members. Pricing: $12.90/month or $129/year. Targeted at high-engagement RedotPay consumers.
• Agentic Payments on Tempo MPP AI-powered agentic payment rails enabling AI agents to autonomously execute stablecoin transactions for merchant checkout, built on Tempo's Machine Payments Protocol (MPP); companion RedotPay Skill exposes payment functions to consumer AI agents. Targeted at merchants enabling AI-driven commerce and at consumer AI agent users.

Quantifiable outcome

• Up to 70% lower merchant discount rates vs traditional card/bank payments (RedotPay Connect)
• +6 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration29 records

AI capability6 records

Feature10 records

Partnerships

31 partnerships are on record, tiered core card network partner, flagship strategic partner, core technology partner, flagship regional partner, core compliance partner, core custody infrastructure partner, infrastructure partner, core infrastructure partner, blockchain network partner, flagship blockchain partner, data/compliance partner, liquidity/on-ramp partner, core wallet integration for redotpay connect, wallet integration for redotpay connect, flagship b2b partner, flagship technology partner, regional partner and parent/group entity.

• Visacore card network partnerTechnology or IntegrationRedotPay issues Visa cards accepted at 130M+ merchants globally. Visa card programs run from Hong Kong and Singapore; in May 2025 RedotPay launched Visa crypto cards in South Korea in partnership with Visa and StraitsX.
• Mastercardcore card network partnerTechnology or IntegrationRedotPay issues both virtual and physical cards on Mastercard rails, supporting crypto-to-fiat merchant transactions alongside Visa.
• Rippleflagship strategic partnerStrategic or Co-development PartnerStrategic partnership enabling RedotPay users to send XRP/USDC/USDT/BTC and receive Nigerian naira in local bank accounts within minutes. Supports cross-border payout corridors (e.g., NGN in Nigeria, Brazil, Mexico). Ripple is also displayed as a partner logo on the official website.
• Circlecore technology partnerTechnology or IntegrationRedotPay integrates with Circle Payments Network for cross-border payouts (e.g., Mexico corridor). Circle Ventures is also an investor. Circle's USDC is a primary stablecoin on the platform.
• Tethercore technology partnerTechnology or IntegrationUSDT is one of the primary stablecoins supported by RedotPay for card spending, P2P trading, earn, and cross-border payouts. Tether is a listed partner on the official website.
• StraitsXflagship regional partnerStrategic or Co-development PartnerAsian payment infrastructure partner that helped RedotPay launch Visa crypto cards in South Korea (May 2025). Powers Southeast Asia stablecoin-backed card issuance.
• Sumsubcore compliance partnerTechnology or IntegrationKYC/AML provider for identity verification; participated in compliance webinars alongside RedotPay regarding Indonesia's crypto regulations.
• Ellipticcore compliance partnerTechnology or IntegrationBlockchain analytics partner providing real-time risk scoring, cross-chain transaction monitoring, and automated compliance workflows to scale RedotPay's risk management.
• Fireblockscore custody infrastructure partnerTechnology or IntegrationInstitutional-grade custody infrastructure partner for safeguarding digital assets.
• Alibaba Cloudinfrastructure partnerTechnology or IntegrationCloud infrastructure partner supporting RedotPay's backend systems.
• Amazon Web Services (AWS)core infrastructure partnerTechnology or IntegrationCloud infrastructure partner supporting RedotPay's platform.
• Polygonblockchain network partnerTechnology or IntegrationBlockchain network supported by RedotPay for on-chain transfers and stablecoin support.
• Arbitrumblockchain network partnerTechnology or IntegrationLayer-2 blockchain network supported by RedotPay.
• Solanablockchain network partnerTechnology or IntegrationBlockchain partner used for high-speed stablecoin transactions and card payments. SOL supported on RedotPay's platform.
• Suiflagship blockchain partnerStrategic or Co-development PartnerStrategic partnership integrating SUI and USDC-Sui tokens, making RedotPay among the first crypto card providers to support Native USDC on Sui. Integration enables 7M+ users to spend and send Sui-native assets across 100+ countries.
• Ton (TON)blockchain network partnerTechnology or IntegrationBlockchain network supported by RedotPay for on-chain transfers and credit collateral.
• Sonicblockchain network partnerTechnology or IntegrationBlockchain network partner supporting RedotPay's multi-chain stablecoin infrastructure.
• LSEG (London Stock Exchange Group)data/compliance partnerTechnology or IntegrationListed partner for data and reference services.
• Paybisliquidity/on-ramp partnerTechnology or IntegrationOn-ramp/off-ramp partner for buying and selling crypto via local payment methods.
• MetaMaskcore wallet integration for redotpay connectTechnology or IntegrationRedotPay Connect integrates MetaMask as a payment wallet option for merchants accepting stablecoin payments at checkout.
• Coinbase Walletcore wallet integration for redotpay connectTechnology or IntegrationRedotPay Connect integrates Coinbase Wallet as a payment option at merchant checkout.
• Trust Walletcore wallet integration for redotpay connectTechnology or IntegrationTrust Wallet is one of the wallets supported by RedotPay Connect for crypto payments at checkout.
• OKX Walletcore wallet integration for redotpay connectTechnology or IntegrationOKX Wallet is integrated into RedotPay Connect for crypto payment checkout.
• Bitget Walletcore wallet integration for redotpay connectTechnology or IntegrationBitget Wallet is integrated into RedotPay Connect for crypto payment checkout.
• imTokenwallet integration for redotpay connectTechnology or IntegrationimToken is integrated into RedotPay Connect for crypto payment checkout.
• Token Pocketwallet integration for redotpay connectTechnology or IntegrationToken Pocket is integrated into RedotPay Connect for crypto payment checkout.
• Rainbowwallet integration for redotpay connectTechnology or IntegrationRainbow wallet is integrated into RedotPay Connect for crypto payment checkout.
• Meshflagship b2b partnerStrategic or Co-development PartnerRedotPay joined the Mesh Alliance Program (MAP), an interoperability initiative unifying enterprise payments across L1s, L2s, wallets, exchanges, stablecoin issuers, and platforms. RedotPay partners with Mesh alongside Circle, Kalshi, and Rain.
• Tempo (Machine Payments Protocol)flagship technology partnerStrategic or Co-development PartnerRedotPay launched AI-powered agentic payments using stablecoins on Tempo's Machine Payments Protocol (MPP), enabling AI agents to autonomously execute stablecoin transactions for merchant checkout.
• UQPAY / NTT DOCOMO (via StraitsX)regional partnerStrategic or Co-development PartnerRedotPay works with StraitsX, which received $10M from UQPAY (backed by NTT DOCOMO) to expand regional stablecoin payment infrastructure, supporting RedotPay's Southeast Asia card issuance.
• Rabbit7 Holding (BVI) Limitedparent/group entityStrategic or Co-development PartnerRabbit7 Holding (BVI) Limited is the legal entity behind "RedotPay" referenced in published disclaimers; functions as a group holding entity.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• BitPay: BitPay is a long-standing crypto payment processor and Mastercard-branded card issuer for merchants and consumers — comparable on merchant crypto acceptance and card-based consumer spending.
• Crypto.com: Crypto.com issues Visa/Mastercard-branded crypto cards globally and operates a payments/fintech app with stablecoin support — the most direct comparable to RedotPay's consumer card business across both Visa and Mastercard rails.
• Binance: Binance issues Visa crypto cards and operates a global exchange/wallet — directly comparable in crypto-card acceptance, multi-asset support, and cross-border stablecoin rails.
• Bybit: Bybit has launched crypto-backed Visa/Mastercard cards and competes in the same consumer crypto-spend segment as RedotPay, including multi-asset support and Apple/Google Pay integration.
• Alchemy Pay: Alchemy Pay is a crypto payment gateway that lets merchants accept crypto with fiat settlement — the closest direct competitor to RedotPay Connect on the B2B merchant acquiring side.
• Wirex: Wirex is a crypto debit card issuer and multi-currency wallet platform with a similar product overlap (crypto card, FX, P2P) and a comparable focus on emerging-market remittance corridors.

Broad incumbents

• PayPal: PayPal issues the PYUSD stablecoin and operates a global payments network — a broad incumbent entering crypto payments and stablecoin settlement, comparable to RedotPay Connect on merchant acceptance rails.
• Coinbase: Coinbase is the largest US-regulated crypto exchange and offers a Coinbase Card via Visa — a broad incumbent with a card product that overlaps RedotPay's but serves a more US-centric, exchange-led user base.

Emerging players

• MoonPay: MoonPay operates fiat-to-crypto on/off-ramps and has been expanding into stablecoin payment infrastructure — an adjacent/emerging player with overlap on the payments and on-ramp functionality RedotPay offers.
• Strike: Strike is a Bitcoin payments app with a Visa debit card and Lightning Network rails — an emerging player in the same crypto-to-fiat consumer card and cross-border payment space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/redotpay
• Facebookfacebook.com/RedotPayOfficial
• LinkedInlinkedin.com/company/redotpayofficial
• Instagraminstagram.com/redotpay

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RedotPay