Hong Kong-based funds fintech RedotPay has raised a $107 million in a Collection B spherical because it scales stablecoin-powered funds throughout greater than 100 international locations, betting that blockchain rails can compete straight with conventional cross-border finance.
The oversubscribed spherical, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, brings RedotPay’s whole capital raised in 2025 to $194 million, it mentioned in a launch.
RedotPay mentioned it now serves greater than 6 million customers globally, processes over $10 billion in annualized cost quantity, and generates greater than $150 million in annualized income as stablecoin adoption accelerates in funds and remittances.
Earlier this yr, RedotPay hit unicorn standing when it closed a spherical for $47 million with backing from Coinbase Ventures, Galaxy, and Vertex.
Based in 2023, RedotPay provides stablecoin-based playing cards, wallets, and payout companies geared toward reducing the fee and settlement time of cross-border funds, notably in rising markets. Cost quantity practically tripled year-on-year in 2025, with greater than 3 million new customers becoming a member of the platform by way of November, the corporate mentioned.
The funding comes as competitors heats up amongst stablecoin issuers and funds corporations looking for to seize remittances and on a regular basis spending. Redot Pay mentioned it should use among the proceeds of the spherical to develop its geographical protection.
Earlier this yr, RedotPay enabled crypto-to-fiat transfers direct to customers’ financial institution accounts utilizing Circle’s cost community in Brazil, routinely changing stablecoins into native forex and bypassing conventional correspondent banking rails.