Hong Kong-based payments fintech RedotPay has raised US$107 million in a Series B funding round as it scales stablecoin-powered payment services across more than 100 countries.
The oversubscribed round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures.
The raise brings RedotPay’s total funding in 2025 to $194 million. The company said it now serves more than 6 million users worldwide, processes over $10 billion in annualized payment volume and generates more than $150 million in annualized revenue. Payment volume nearly tripled year on year, with more than 3 million new users joining through November.
Founded in 2023, RedotPay offers stablecoin-based cards, wallets and payout services designed to reduce the cost and settlement time of cross-border payments, particularly in emerging markets. The company reached unicorn status earlier this year following a separate funding round backed by Coinbase Ventures, Galaxy and Vertex.
