RedotPay raises $107 million to expand stablecoin card and global payment network

Key Points Summary

• RedotPay raised $107 million in Series B funding to expand its stablecoin payment platform.
• The company reported a threefold year-on-year increase in payment volume, with over 6 million registered users worldwide.

Stablecoin payment fintech company RedotPay has completed a $107 million Series B funding round, bringing its total funding for 2025 to $194 million.

This oversubscribed round was led by Goodwater Capital, with participation from existing investors including Pantera Capital, Blockchain Capital, Circle Ventures, and HSG.

RedotPay has over 6 million users across more than 100 markets, with annual transaction volume exceeding $10 billion and annual revenue surpassing $150 million. Its platform includes stablecoin-based debit cards, a global payment network, and a multi-currency account system that connects cryptocurrency with traditional finance.

CEO Michael Gao stated that the company will use the new funds to scale operations, expand into new markets, and increase investment in compliance infrastructure. RedotPay also plans to make strategic acquisitions to enrich its product portfolio.

Pantera and Blockchain Capital emphasized the platform’s ability to address real-world financial pain points such as inflation and fragile banking systems, noting that stablecoins can enable cross-border payments and dollar access for millions of people.