Hong Kong-based payments fintech RedotPay has raised $107 million in a Series B round as it expands stablecoin-powered payments to more than 100 countries, betting that blockchain rails can compete directly with traditional cross-border finance.
The oversubscribed funding round, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital and Circle Ventures, brings RedotPay’s total capital raised in 2025 to $194 million, it said in a statement.
RedotPay said it now serves more than 6 million users worldwide, processes more than $10 billion in annualized payments volume, and generates more than $150 million in annualized revenue as stablecoin adoption accelerates in payments and remittances.
Earlier this year, RedotPay achieved unicorn status by closing a $47 million round with backing from Coinbase Ventures, Galaxy and Vertex.
Founded in 2023, RedotPay offers stablecoin-based cards, wallets and payment services aimed at reducing the cost and settlement time of cross-border payments, particularly in emerging markets. Payment volume nearly tripled year-over-year in 2025, with more than 3 million new users joining the platform through November, the company said.
The funding comes as competition intensifies between stablecoin issuers and payments companies seeking to capture remittances and everyday spending. Redot Pay said it would use part of the proceeds from the round to expand its geographic coverage.
Earlier this year, RedotPay enabled crypto-fiat transfers directly to users’ bank accounts using Circle’s payment network in Brazil, automatically converting stablecoins to local currency and bypassing traditional correspondent banking rails.
