Hong Kong's RedotPay Raises $107 Million Series B to Expand Stablecoin Payments Globally
RedotPay, a Hong Kong-based fintech founded in 2023, has raised $107 million in a Series B funding round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures. The oversubscribed round brings the company's total funding in 2025 to $194 million.
The company offers stablecoin-based cards, wallets, and payout services, aiming to scale stablecoin-powered payments globally to more than 100 countries. RedotPay focuses on reducing cross-border payment costs and settlement times, with an emphasis on emerging markets.
In Brazil, RedotPay partnered with Circle to enable crypto-to-bank transfers, allowing direct stablecoin-to-fiat transfers to users’ bank accounts and bypassing traditional payment rails.
Currently, RedotPay serves over 6 million users, processes more than $10 billion in annualized payment volume, and generates over $150 million in annualized revenue. The company's payment volume nearly tripled in 2025, adding over 3 million new users through November.
Earlier in 2025, RedotPay reached unicorn status following a $47 million funding round supported by Coinbase Ventures, Galaxy Digital, and Vertex. The proceeds from the latest round will be used to expand geographic coverage amid rising competition in stablecoin issuers and remittance/payment firms.
