RedotPay has secured $107 million in Series B funding to scale its stablecoin-based payment platform across more than 100 countries as demand grows for faster, cheaper, and more accessible cross-border transactions.
Key Takeaways
- RedotPay raised $107 million in an oversubscribed Series B round, led by Goodwater Capital with backing from Pantera Capital, Blockchain Capital, and Circle Ventures.
- The company has now raised $194 million in 2025, including a prior $47 million round just three months ago.
- RedotPay serves over 6 million users across 100+ markets and reports more than $10 billion in annualized payment volume.
- The funds will go toward product innovation, regulatory expansion, strategic acquisitions, and global hiring.
What Happened?
RedotPay, a Hong Kong-based fintech firm, announced the completion of its $107 million Series B funding round, bringing its total capital raised this year to $194 million. The round follows a $47 million strategic raise in September and builds on RedotPay’s rapid growth in user base and transaction volume.
Thrilled to share that we’ve successfully closed our Series B funding round, a major step in our mission to make digital finance accessible, secure, and efficient for everyone. 🚀
— RedotPay Official (@RedotPay) December 16, 2025
By building on #blockchain rails, we’re moving beyond traditional #fintech to deliver a faster,… pic.twitter.com/gEvONlLZzO
Investor Confidence in RedotPay’s Growth
The oversubscribed Series B was led by Goodwater Capital and joined by notable firms including Pantera Capital, Blockchain Capital, Circle Ventures, and existing backer HSG. This round reinforces investor belief in RedotPay’s mission to integrate stablecoins into everyday payments globally.
Michael Gao, co-founder and CEO of RedotPay, said the new capital will support expansion into high-growth markets and bolster compliance infrastructure. He stated:
Jin Oh, Partner at Goodwater Capital, explained:
Business Growth and Key Metrics
RedotPay has grown significantly since its launch in 2023. As of November 2025:
- The company boasts over 6 million registered users.
- It supports users in more than 100 countries.
- Annualized payment volume exceeds $10 billion, nearly tripling year-over-year.
- Revenue tops $150 million annually, and the company remains profitable.
More than 3 million new users joined RedotPay in 2025 through November alone, reflecting growing trust and adoption of its stablecoin-powered services.
What RedotPay Offers?
RedotPay’s ecosystem is designed to connect traditional finance with digital assets for a seamless and secure user experience. Its key products include:
- Stablecoin-based Cards that allow global spending of digital assets.
- Global Payout Rails for instant, secure cross-border transfers.
- Multi-currency Wallets and P2P Marketplaces, enabling users to store, send, and convert stablecoins easily.
RedotPay serves both crypto-native users and newcomers, offering a bridge between digital finance and everyday transactions. The firm also launched crypto-to-fiat transfers in Brazil using Circle’s payment network, automatically converting stablecoins to local currency and bypassing legacy banking rails.
Strategic Use of Funds
The newly secured funds will be allocated toward:
- Product development, driven by user feedback and innovation goals.
- Strategic acquisitions in the payments and licensing sectors.
- Compliance and licensing expansion in fast-growing markets.
- Hiring across engineering, product, and regulatory teams to support scale.
Michael Gao emphasized that the company is prioritizing expansion in regions with high demand, particularly the Middle East and North Africa, where RedotPay already has “meaningful users.”
CoinLaw’s Takeaway
In my experience, when a fintech raises nearly $200 million in less than a year, it’s a powerful signal that the market is shifting. Stablecoin adoption is no longer about speculative trading. RedotPay is showing that digital assets can power real-world financial services that are cheaper, faster, and more inclusive. I found it especially exciting that their infrastructure is serving millions across emerging markets where traditional banking often fails. This is not just a crypto story. It’s a payments revolution in motion.
