The company said the number of registered users surpassed 6 million in November, with annualized payment volume also crossing $10 billion.
RedotPay, the Hong Kong-based stablecoin payments service provider, has raised $107 million in a Series B round led by Goodwater Capital. The fundraising also attracted participation from Pantera Capital, Blockchain Capital, Circle Ventures, HSG, and others, according to a blog post on its website.
RedotPay integrates blockchain solutions with traditional banking and finance infrastructures around the world to spend and send digital assets faster and securely. The company plans to use the fresh capital to accelerate product innovation and expand global reach.
According to the announcement, RedotPay has now raised $194 million in 2025, following a $47 million strategic investment announcement in September and $40 million Series A announced in March.
The company said the number of registered users surpassed 6 million in November, with annualized payment volume also crossing $10 billion.
Commenting on the announcement, Michael Gao, Co-Founder and CEO of RedotPay, said in a statement: “With our 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.”
Jin Oh, Partner at Goodwater Capital, commented: “RedotPay is improving financial access globally with remarkable traction for its stablecoin-driven solutions across major markets. We’re excited to support the company through its next phase of global growth as it expands stablecoin utility and continues to accelerate adoption and drive innovation across its payment products.”
