RedotPay Raises $107M Series B to Expand Stablecoin Payments

The $107 million Series B round represents a significant milestone for RedotPay, underscoring the growing maturity of the stablecoin payments sector. The round was spearheaded by Goodwater Capital, a venture firm known for its investments in later-stage technology companies. It attracted heavyweight participation from dedicated crypto investment powerhouses Pantera Capital and Blockchain Capital, as well as Circle Ventures, the investment arm of the issuer of the USDC stablecoin. The continued backing from existing investor HSG further solidifies the company’s financial foundation.

This consortium of backers is notable. Goodwater Capital’s lead role suggests a belief in RedotPay’s scalability and business model beyond the crypto-native sphere. Meanwhile, the strategic involvement of Pantera Capital, Blockchain Capital, and particularly Circle Ventures—a firm with deep expertise in stablecoin ecosystems—provides not just capital but also industry validation and potential operational synergies. Bringing the total 2025 funding to $194 million, this round provides RedotPay with a formidable war chest to execute its growth strategy in a competitive landscape.

According to the company, the newly acquired funds have a clear and ambitious purpose: to support acquisitions, bolster licensing efforts, and enable expanded hiring as RedotPay enters new markets. This three-pronged strategy indicates a move from a growth-stage startup to a scaling enterprise aiming for market leadership. The focus on acquisitions suggests RedotPay is looking to rapidly acquire technology, talent, or market access to accelerate its roadmap.

Licensing efforts are particularly crucial for a fintech operating in the heavily regulated cross-border payments and digital asset space. Securing the necessary regulatory approvals in new jurisdictions will be paramount for global expansion. Concurrently, the planned hiring expansion will be essential to build out teams for business development, compliance, engineering, and customer support in these new markets. This comprehensive use of funds highlights a disciplined approach to scaling a complex financial services platform.

Founded in Hong Kong, RedotPay has built a diversified product portfolio designed to make stablecoins practical for both consumers and businesses. Its flagship offering includes a card that enables users to directly spend their digital assets, effectively bridging the gap between crypto holdings and real-world commerce. This addresses a persistent pain point for digital asset holders seeking liquidity and utility.

Beyond consumer spending, the company has developed stablecoin-powered payout rails specifically for cross-border transfers. This service targets the remittance and business payment markets, promising faster, cheaper, and more transparent international money movement compared to traditional correspondent banking. Furthermore, RedotPay provides foundational services through multicurrency accounts that allow users to access and hold various stablecoins, complemented by a peer-to-peer marketplace. This integrated ecosystem positions the company not just as a payments processor, but as a broader financial services platform for the digital asset era.

The successful $107 million Series B round for RedotPay is more than a corporate fundraising event; it is a barometer for the stablecoin industry’s evolution. As major financial hubs like Hong Kong develop regulatory frameworks for digital assets, companies like RedotPay are poised to lead the charge in transforming how value is stored and transferred globally. The backing from a blend of traditional and crypto-native venture capital firms underscores a collective belief that stablecoin-based payment solutions are transitioning from niche applications to foundational components of the future financial system.