Redontpay raises $ 40 million to expand the platform to pay crypto

Reiterate He raised $ 40 million in a series, and the financial circle to expand the possibilities and reached his platforms to pay cryptocurnancy.

The company will use new products to accelerate product products, improve its user experience, enhance its regulatory compliance framework and expand your imprint of multi-jurisdictions, redonpay said on Friday (14. Marta) announcement.

“The pace of adopting crypto enthusiasts and those who left the traditional banking system show that we build something really impact,” Redonpay co-founder and executive director Michael Gao He said in the commissioning.

Redonpay has been liable for more than 3 million registered users on global from was founded In April 2023. yearsaccording to the release. The company has attributed to the growth of its CRIPTO card and pay platforms at increasing demand for CRYPTO based on a cropto-based solution in daily transactions.

Its platform integrates traditional digital payment technology from cryptocurries to allow users to spend digital property and create an ecosystem of payment without limits, by release.

Pinn Lavjindakulpartner in LightSpeed ​​Venture Partners, which He led the financing round, he said in the release that a redonpay was working on “reshaping financial landscapes”.

“Redonpays platform already revolutionized financial approach to millions lacking access to traditional banking,” Lavdindakul said. “We are excited to support redontpay because they continue to build an inclusive financial ecosystem and redefine road People communicate with money. “

The car funding company follows several other investments and acquisitions in the CRIPTO payment space.

CRIPTO PAYMENTS company Moonpay said Thursday (13. March) to expand their bids of companies by acquiring Iron. Iron infrastructure StableCoin Infrastructure offers solutions for companies; Fintechs and payment Processors; and markets and merchants.

Tuesday (11. Marta), CRIPTO PAYMENTS net Meat Raised $ 82 million in a series B Series B series to accelerate product development and expanding its API. The company’s technology is already available more than 400 million users in more than 100 countries.

Bibit said in January that it was Bibit pay solution that allows users to pay in FIAT currency and cryptocurrencylives in Brazil and integrated with Pix Instant payment system that has developed Brazil Central Bank.