Goodwater Capital led the oversubscribed round with participation from Pantera Capital, Blockchain Capital and Circle Ventures.
Stablecoin News
Hong Kong-based fintech RedotPay has secured $107 million in Series B funding to scale its stablecoin payment platform across more than 100 countries. Goodwater Capital led the oversubscribed round with participation from Pantera Capital, Blockchain Capital and Circle Ventures.
The financing brings RedotPay's total capital raised in 2025 to $194 million following a $47 million strategic round in September that valued the company above $1 billion. The payments platform now serves over 6 million users and processes more than $10 billion in annualized payment volume.
RedotPay generates over $150 million in annualized revenue while operating profitably, according to company statements. Payment volume nearly tripled year-over-year in 2025 as more than 3 million new users joined the platform through November.
Co-founder and CEO Michael Gao said demand for the platform accelerated rapidly, prompting the quick return to fundraising markets. The Series B will fund infrastructure scaling, compliance programs, and partnership development to match growth trajectories across global markets.
The company offers stablecoin-based cards, wallets, and payout services designed to reduce costs and settlement times for cross-border transactions. RedotPay particularly targets emerging markets where traditional banking infrastructure proves expensive or inefficient for international money movement.
RedotPay enabled crypto-to-fiat transfers directly to user bank accounts in Brazil earlier this year through Circle's payment network. The service automatically converts stablecoins into local currency without requiring correspondent banking relationships or traditional clearinghouse systems.
Jonah Burian, an investor at Blockchain Capital, noted that consumers in many countries face currency risk, savings erosion from inflation, and fragile local banking systems. He stated RedotPay bridges gaps by giving consumers control over storing value in dollars, Bitcoin, or digital assets while spending in local currencies.
The company plans to deploy new capital across product development, compliance. and licensing, plus strategic acquisitions. Target acquisition areas include licensed payment institutions, acquiring platforms and financial infrastructure providers in markets showing strong organic user growth.
RedotPay currently employs around 250 full-time staff and is hiring across engineering, product, and compliance teams. Gao identified the Middle East and North Africa as regions with meaningful user bases where the company is planning focused expansion efforts.
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