“Can a stablecoin-native card and wallet become the global payment layer for the ~1.4B unbanked and crypto-first consumers?”
Founded in 2023 in Hong Kong as a consumer crypto card and wallet enabling stablecoin spending via a Visa card. Scaled to 9M+ users across 100+ countries with $12B annualized payment volume by 2026. In June 2026 launched RedotPay Connect at Money20/20 Europe, pivoting from pure consumer to a B2B stablecoin acceptance gateway targeting merchants with up to 70% lower MDR than card rails.
RedotPay processes payments through RedotPay Connect (self-operated).
RedotPay's cards are issued through Red F. Technology Limited (in-house) and Redotpay Technology Pte. Ltd. (in-house) on the Visa and Discover networks.
RedotPay's lending and capital products are provided by Red F. Technology Limited (in-house) and affirm.
RedotPay uses RedotPay Global Payout (self-operated) for FX and cross-border payouts.
RedotPay's crypto products run on RedotPay (self-operated), Tempo and Red Dot Trust Limited (in-house).
RedotPay's investing and wealth products are powered by guideline.
The Embedded Finance Index 2026 maps 7 layers in RedotPay's stack: Payments / PSP (RedotPay Connect (self-operated)); Card issuing (Red F. Technology Limited (in-house) and Redotpay Technology Pte. Ltd. (in-house)); Card network (Visa and Discover); Lending (Red F. Technology Limited (in-house), affirm and RedotPay Credit (crypto-collateralized credit line)); FX & payouts (RedotPay Global Payout (self-operated)); Crypto (RedotPay (self-operated), Tempo and Red Dot Trust Limited (in-house)); Investing (guideline).
RedotPay was founded by Michael Gao and is founded in 2023, headquartered in Hong Kong.
RedotPay has raised $194M (2025) in total (latest round: Series B, December 2025).
Get a read on where your own stack stands against RedotPay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.