RedotPay Raises $107M to Expand Stablecoin Cards and Global Payments Network
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RedotPay has raised $107 million in Series B to expand its stablecoin payment platform. The company has registered more than 6 million users worldwide and has tripled its payment volume year-on-year.
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RedDotPay, the stablecoin-powered payments fintech, has closed a $107 million Series B round, bringing its 2025 fundraising total to $194 million.
The oversubscribed round was led by Goodwater Capital and included Pantera Capital, Blockchain Capital, Circle Ventures, and returning backers such as HSG.
With more than 6 million users in 100+ markets, RedotPay now claims to be processing more than $10 billion in annual volume and generating more than $150 million in annual revenue. Its platform includes a stablecoin-based debit card, a global payment network, and a multi-currency account system that bridges crypto and traditional finance.
CEO Michael Gao said the company will use the new capital to grow operations, expand into new markets and double the compliance infrastructure. RedotPay plans strategic acquisitions to deepen its product stack.
Pantera and Blockchain Capital emphasize the platform's ability to address real-world financial pain points such as inflation and weak banking systems, enabling stablecoins to make cross-border payments and access to millions of dollars.
