RedotPay, a global stablecoin-based payment fintech startup, has raised $107 million in a Goodwater Capital-led Series B funding round, bringing its total capital raised in 2025 to $194 million.
This oversubscribed Series B round saw participation from Pantera Capital, Blockchain Capital, Circle Ventures and continued backing from HSG, or HongShan Capital Group, and others, the startup announced in a statement.
RedotPay, founded in April 2023 and headquartered in Central, Hong Kong, completed the Series B round—its third fundraising this year—amid strong growth momentum in its fintech business.
As of November 2025, RedotPay had over 6 million registered users across over 100 markets globally, with more than $10 billion annualised payment volume. It claims to generate over $150 million in annualised revenue, with the capability to continue delivering profitable growth through an efficient, scalable business model.
RedotPay became a fintech unicorn with a valuation of over $1 billion when it raised a strategic investment of $47 million from Coinbase Ventures and a global technology entrepreneur in September. Existing investors Galaxy Ventures and Vertex Ventures increased their commitments through the deal.
In March, the startup completed its $40-million Series A funding round led by Lightspeed, with participation from HSG, Galaxy Ventures, DST Global Partners, Accel, and Temasek-backed Vertex Ventures, among other investors.
Following the Series B round, RedotPay will leverage its investors’ deep expertise across consumer fintech, blockchain infrastructure, and global payments to accelerate financial access globally through the mass adoption of stablecoin-based payments.
The startup is building stablecoin-powered financial services that make fund movement instant, predictable, and borderless for both crypto-native and non-crypto users. It empowers global payments with stablecoins through the following:
- Stablecoin-based card: Users can spend stablecoins and other digital assets with a card globally.
- Global payouts: RedotPay’s stablecoin-powered payout rails enable global transfers.
- Stablecoin access: RedotPay connects traditional finance and digital assets for users to access, hold, and use stablecoins through its multi-currency accounts and P2P Marketplace.
“With our latest funding, we plan to accelerate product innovation and expand our global reach. Beyond capital, our investors provide the expertise and resources to enable us to scale responsibly while remaining compliance-focused and delivering outstanding user experiences,” said Michael Gao, co-founder and CEO of RedotPay.
“In many countries, consumers face currency risk, savings erosion due to inflation, and fragile local banking systems. Many would prefer to store value in assets they trust, such as dollars, Bitcoin, or other digital assets, and spend in their local currency. RedotPay seeks to bridge this gap by giving consumers meaningful control over their financial destiny,” said Jonah Burian, an investor at Blockchain Capital.
The new capital will fund strategic acquisitions to deepen RedotPay’s product and infrastructure capabilities; secure required licenses and expand its compliance organisation to support entry into new markets; and accelerate global hiring to scale its engineering, product, and compliance teams, according to the statement.
