RedotPay, a fintech based in Hong Kong, has successfully raised $107 million in a Series B funding round to expand its stablecoin-based payment services across over 100 countries, aiming to position blockchain technology as a competitive alternative to traditional cross-border finance.
This oversubscribed round was led by Goodwater Capital, with contributions from Pantera Capital, Blockchain Capital, and Circle Ventures, bringing RedotPay’s total capital raised in 2025 to $194 million, according to a company announcement.
Currently, RedotPay serves more than 6 million users globally, processes upwards of $10 billion in annual payment volume, and generates over $150 million in annual revenue, aligning with the increasing adoption of stablecoins in payments and remittances.
Earlier in the year, RedotPay achieved unicorn status following a $47 million funding round, supported by Coinbase Ventures, Galaxy, and Vertex.
The new funding comes at a time when competition is intensifying among stablecoin issuers and payment firms trying to capture remittances and everyday spending. RedotPay plans to utilize part of the capital to broaden its geographical reach.
This year, RedotPay launched a feature enabling direct crypto-to-fiat transfers to users’ bank accounts in Brazil via Circle’s payment network, allowing for automatic conversion of stablecoins into the local currency while circumventing traditional banking routes.
