Stablecoin payments company RedotPay has raised $107 million in a Series B funding round, taking its total capital raised in 2025 to $194 million, according to a company press release shared on Tuesday. The round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and continued backing from existing investor HSG.
Founded in Hong Kong, RedotPay operates a suite of stablecoin based payment products aimed at consumers and businesses. Its offerings include a crypto linked payment card that allows users to spend digital assets, stablecoin powered payout rails for cross border transfers, and multi currency accounts that enable users to hold and move stablecoins through a peer to peer marketplace.
The company said it now has more than 6 million registered users across over 100 markets, processes more than $10 billion in annualized payment volume, and generates over $150 million in annualized revenue. These figures position RedotPay as one of the larger stablecoin focused payment firms operating globally.
RedotPay said the new capital will be used to pursue strategic acquisitions, secure additional regulatory licenses, expand compliance and risk management operations, and grow its engineering and product teams as it enters new markets and broadens its payments infrastructure.
RedotPay expansion plans and stablecoin funding trend
The Series B round follows RedotPay’s $47 million raise in September, which valued the company at more than $1 billion. That earlier round included participation from Coinbase Ventures, along with continued backing from Galaxy Ventures and Vertex Ventures.
In December, RedotPay also partnered with Ripple to launch a crypto to naira payout feature. The service allows users to convert digital assets into Nigerian naira and receive funds directly into local bank accounts, highlighting the company’s focus on emerging markets and real world payment use cases for stablecoins.
RedotPay’s latest funding comes amid a broader wave of investment into stablecoin infrastructure in 2025. In August, venture investors committed nearly $100 million to companies building stablecoin related tools. Switzerland based M0 raised $40 million in a Series B led by Polychain Capital and Ribbit Capital, while US startup Rain secured $58 million to develop infrastructure for banks issuing regulated stablecoins.
In October, stablecoin payments firm Coinflow raised $25 million in a Series A round led by Pantera Capital, saying the funding would help expand its cross border settlement network. In November, CMT Digital closed a $136 million fund to support blockchain startups, with part of the capital allocated to stablecoin companies such as Coinflow and Codex.
The funding momentum has coincided with strong growth in the stablecoin market. Since the passage of the GENIUS Act in the United States on July 18, the total stablecoin market capitalization has increased by more than $50 billion, reaching approximately $309.55 billion, according to DefiLlama data. More than 60 percent of the market is dominated by Tether’s USDt, underscoring the scale of demand for dollar linked digital assets.
As regulatory clarity improves and payment use cases expand, RedotPay’s latest raise signals continued investor confidence in stablecoins as a core layer of global digital payments.
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