RedotPay Raises $107M to Bridge Crypto and TradFi with Fiat On‑Ramp App
RedotPay, a payments app that connects crypto wallets to traditional finance rails, has raised $107 million in a funding round aimed at expanding its fiat on‑ramp and payment services. The company focuses on enabling users and businesses to move between cryptocurrencies and bank networks via AMM-based liquidity and custodial rails, positioning itself as a bridge for retail and institutional flows into and out of crypto. The round attracted strategic and financial investors (names not provided in the source). Key details: $107 million total raised; product: crypto-to‑TradFi fiat on‑ramp and payments app; target users: retail wallets and businesses seeking seamless transfers between crypto and bank rails. The announcement signals growing investor interest in infrastructure that simplifies fiat-crypto interoperability and could accelerate adoption of compliant payment flows between on‑chain assets and off‑chain banking systems.
Bullish
A $107M funding round for RedotPay is bullish for crypto market infrastructure because it signals fresh capital into fiat-crypto connectivity — a critical bottleneck for on‑ and off‑ramp liquidity. Improved fiat on-ramps and payment rails lower friction for new users and businesses to enter and exit crypto, likely increasing transactional volume and stablecoin/fiat settlement activity. Historically, investments into infrastructure (wallets, custody, payment rails) precede upticks in user adoption and on‑chain volumes — see past growth after major funding rounds for payment/custody providers. Short-term, the market impact may be modest and focused on projects tied to payments and stablecoins; volatility could rise around partnership announcements. Long-term, better fiat-crypto interoperability supports deeper liquidity, narrower spreads, and greater institutional participation, which are constructive for broader market growth.