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redotpay secures 40 million series a funding to enhance crypto payment solutions

RedotPay has successfully closed a $40 million Series A funding round led by Lightspeed, with participation from HSG, Galaxy Ventures, and others. Founded in April 2023, the platform aims to bridge fiat and cryptocurrencies, serving over 3 million users globally and enhancing financial access for the unbanked. The new funding will accelerate product development, improve user experience, and expand regulatory compliance and licensing.

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