RedotPay, the Hong Kong fintech, closed a $107 million Series B to accelerate its push into global stablecoin payments, according to company and investor disclosures. The round was led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital and Circle Ventures, and will fund product development, licensing and geographic expansion.
The Series B, which some reports initially cited as $100 million, was officially reported at $107 million and was oversubscribed, data from the company and its backers indicate. Continued investment from HSG (formerly Sequoia Capital China) accompanied the round. The new capital is intended for strategic acquisitions, hiring and building compliance and infrastructure teams needed for cross-border operations.
RedotPay’s 2025 financing run includes a $40 million Series A earlier in the year and a $47 million strategic investment in September 2025 that propelled the firm to unicorn status with a valuation above $1 billion. Those events brought RedotPay’s total capital raised in 2025 to $194 million and its lifetime fundraising to roughly $200 million, according to the reported figures.
Strategy to scale stablecoin payments
Stablecoin payments refer to the use of blockchain-based tokens designed to hold a stable value relative to a fiat currency; firms use them to reduce settlement latency and FX friction in cross-border transfers. RedotPay plans to use the Series B proceeds to speed product innovation, expand into new markets—with a stated focus on the Middle East and North Africa—scale core payment infrastructure and pursue targeted acquisitions of licensed payment institutions and acquiring platforms.
The company is prioritizing compliance and licensing work necessary to operate across multiple jurisdictions, alongside accelerated hiring to grow engineering, product and compliance teams. Those moves aim to lower regulatory and operational latency for partners and merchants adopting on-chain settlement rails.
RedotPay reports more than 6 million registered users across over 100 markets as of November 2025, with more than 3 million new users added in 2025 through that month. Annualized payment volume exceeds $10 billion and the company reports annualized revenue above $150 million while operating profitably, per the disclosed metrics.
Adoption of USDC on RedotPay’s rails reportedly grew ninefold, and USDC’s share of the company’s stablecoin volume rose fourfold following integration. Strategic partnerships cited in the disclosures include an arrangement with Ripple aimed at cross-border flows and the rollout of instant fiat-to-stablecoin onramps in the UK and EU to streamline customer onboarding and settlement between fiat and tokenized funds.
