RedotPay Raises $107M as Stablecoin Payment Volume Hits $10B

RedotPay has closed a $107 million Series B led by Goodwater Capital, bringing total 2025 fundraising to $194 million as the stablecoin payment company scales toward profitability with 6 million users across more than 100 countries.

The round was oversubscribed. Pantera Capital, Blockchain Capital, and Circle Ventures participated alongside continued backing from existing investors including HSG. RedotPay now processes more than $10 billion in annualized payment volume and generates over $150 million in annual revenue, according to Wednesday's announcement.

RedotPay competes in a space where companies like Wirex, Crypto.com, and traditional neobanks are also exploring stablecoin integration. The company's user growth and payment volume suggest demand for products that make digital assets spendable in everyday transactions without requiring deep crypto expertise.

Payment volume nearly tripled year-over-year, with more than 3 million new users joining the platform through November 2025, Redotpay said. The company offers stablecoin-linked cards that let users spend digital assets globally, stablecoin-powered international transfer rails, and multi-currency accounts connecting traditional finance with crypto.

Michael Gao, co-founder and CEO of RedotPay, said the company aims to help users manage finances through stablecoin-powered services. The new capital will fund strategic acquisitions, license applications for new markets, and hiring across engineering, product, and compliance teams.

Jin Oh, partner at Goodwater Capital, said stablecoins have potential to disrupt global money flows and strengthen financial inclusion. He described RedotPay as improving financial access with strong traction for its stablecoin solutions across major markets.

The company is targeting regions where consumers face currency risk, inflation-driven savings erosion, and unstable local banking systems. Jonah Burian at Blockchain Capital said many users would prefer storing value in dollars, Bitcoin, or other digital assets while spending in local currency – a gap RedotPay seeks to fill.

Ryan Barney, partner at Pantera Capital, said the firm backs companies using blockchain to solve real-world problems and views RedotPay as bringing stablecoins into everyday payments at global scale.

RedotPay's card product allows users to spend stablecoins and other digital assets anywhere Visa or Mastercard is accepted. The company's payout rails enable cross-border transfers settled in stablecoins, while its peer-to-peer marketplace provides on-ramps and off-ramps between fiat and digital assets.

The funding round reflects growing investor appetite for stablecoin infrastructure serving both crypto-native users and mainstream consumers. RedotPay positions itself as bridging these audiences by building payment products on blockchain rails that operate faster and more reliably than traditional fintech infrastructure.

The company said it operates profitably through a scalable business model, though specific margins were not disclosed. Plans include geographic expansion with focus on high-growth regions and enhanced product offerings to connect crypto and traditional payment ecosystems.