The company said the funds will support acquisitions, licensing efforts and expanded hiring as it enters new markets.
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Stablecoin payments company RedotPay has raised $107 million in a Series B round, bringing its total funding in 2025 to $194 million.
The round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures, alongside continued backing from existing investors, including HSG.
Founded in Hong Kong, RedotPay offers stablecoin-based payment products, including a card that enables users to spend digital assets, stablecoin-powered payout rails for cross-border transfers, and services that allow users to access and hold stablecoins through multicurrency accounts and a peer-to-peer marketplace.
RedotPay has more than 6 million registered users in over 100 markets, processes more than $10 billion in annualized payment volume and generates over $150 million in annualized revenue, the company said in a Tuesday announcing the raise.
RedotPay said the funding will be used to pursue acquisitions, obtain additional licenses, expand its compliance operations and hire across engineering and product teams, as it moves into new markets and broadens its payments offering.
RedotPay last raised capital in September, a that it said valued the business at more than $1 billion. That round included participation from Coinbase Ventures, alongside continued backing from Galaxy Ventures and Vertex Ventures.
In December, to launch a crypto-to-naira payout feature that allows users to convert digital assets into Nigerian naira and receive funds directly into local bank accounts.
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Several stablecoin-focused companies have raised capital in 2025.
In August, venture investors committed nearly . 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 build tools for banks to issue regulated stablecoins.
In October, stablecoin payments company Coinflow $25 million in a Series A round led by Pantera Capital. The Chicago-based company said the funding would support the expansion of its cross-border payments infrastructure, which uses stablecoins to settle transactions globally.
In November, to back blockchain startups, with a portion allocated to stablecoin companies. The crypto venture company said it had already deployed roughly a quarter of the fund, including investments in Coinflow and stablecoin company Codex.
Since the passage of the in the US on July 18, the stablecoin market has risen by over $50 billion to about $309.55 billion, with over 60% of the market dominated by Tether’s USDt (), according to DefiLlama .
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