December 16, 2025 – RedotPay, a leading Hong Kong-based fintech specializing in stablecoin-powered payments, announced today that it has raised $107 million in an oversubscribed Series B funding round.

The round was led by Goodwater Capital, with participation from prominent crypto-focused investors including Pantera Capital, Blockchain Capital, and Circle Ventures. Existing investors, such as HSG, also continued their support.

As of November 2025, RedotPay boasts over 6 million registered users across more than 100 countries, with annualized payment volumes exceeding $10 billion. The platform's payment volume nearly tripled year-over-year, driven by the addition of more than 3 million new users in 2025 alone. RedotPay reports over $150 million in annualized revenue, maintaining profitable growth through its efficient and scalable model.

"Our goal is to help users manage their finances with confidence through stablecoin-powered financial services," said Michael Gao, Co-Founder and CEO of RedotPay. "With this latest funding, we plan to accelerate product innovation and expand our global reach. Beyond capital, our investors provide the expertise and resources to enable us to scale responsibly while remaining compliance-focused and delivering outstanding user experiences."

RedotPay's platform enables seamless integration of stablecoins into daily transactions for both crypto-native and traditional users. Key offerings include:

• Stablecoin-based Cards: Physical and virtual cards for spending stablecoins and digital assets worldwide.