Hong Kong-based fintech firm RedotPay has successfully secured $107 million in an oversubscribed Series B funding round, marking its third major capital raise this year. The round was led by consumer-focused venture firm Goodwater Capital, with significant participation from high-profile crypto and fintech investors including Pantera Capital, Blockchain Capital, and Circle Ventures. Existing backers, such as HSG (formerly Sequoia Capital China), also joined the round, bringing RedotPay’s total capital raised since its 2023 inception to approximately $200 million.
This latest financing comes just three months after the company achieved unicorn status with a $47 million strategic round in September. Michael Gao, co-founder and CEO of RedotPay, noted that the rapid succession of funding was driven by an accelerated demand for the platform’s stablecoin-based payment solutions. Gao stated that the new equity capital will be instrumental in scaling the company’s infrastructure, deepening its compliance organization, and pursuing strategic acquisitions as it expands into new global markets, RedotPay said in a statement.
RedotPay has reported explosive growth throughout 2025, claiming more than 6 million registered users across 100 markets. The firm’s annualized payment volume has nearly tripled year-over-year, now exceeding $10 billion. Furthermore, RedotPay revealed it is currently operating profitably with over $150 million in annualized revenue. The company’s core offerings—including a stablecoin-linked card for global spending, multi-currency wallets, and cross-border payout rails—are designed to bridge the gap between digital assets and traditional financial systems for both crypto-native and non-crypto users.
Industry observers view the investment as a strong endorsement of stablecoins as a foundational element of future global payments infrastructure. Investors highlighted RedotPay’s ability to provide consumers in emerging markets with a way to mitigate local currency risk and inflation by using digital assets for everyday transactions. Looking ahead, RedotPay plans to use the Series B proceeds to secure additional global licenses and accelerate hiring across its engineering and product teams to support its next phase of international growth.
