Stablecoin payment provider RedotPay has successfully raised $107 million through its Series B funding, boosting its total financing to $194 million for the year 2025.
This funding round was spearheaded by Goodwater Capital, which was joined by other investors such as Pantera Capital, Blockchain Capital, and Circle Ventures, along with ongoing support from previous backers, including HSG.
Originating from Hong Kong, RedotPay specializes in facilitating stablecoin-based payment solutions. Key offerings include a card that allows users to utilize their digital assets, systems for stablecoin-powered payouts in international transactions, as well as a means to manage and interact with stablecoins via multi-currency accounts and a peer-to-peer market platform.
With over 6 million registered users in more than 100 markets, RedotPay is processing upwards of $10 billion annually in payment volume, generating estimated revenues exceeding $150 million. This information was shared in a recent press release regarding their funding status.
The resources acquired are intended for acquisitions, additional licensing, compliance enhancements, and hiring across engineering and product teams, as the company seeks to penetrate new markets and elevate its payment solutions.
In September, RedotPay previously collected a $47 million investment, which valued the firm at over $1 billion. This round included participation from Coinbase Ventures, alongside ongoing investments from Galaxy Ventures and Vertex Ventures.
In December, RedotPay joined forces with Ripple to introduce a crypto-to-naira conversion feature, enabling users to transform their digital assets into Nigerian naira directly deposited into local bank accounts.
Funding Trends in the Stablecoin Sector
In 2025, multiple stablecoin-focused enterprises have successfully acquired capital. In August, almost $100 million was directed toward stablecoin infrastructure projects. For instance, Switzerland’s M0 secured $40 million from a Series B round led by Polychain Capital and Ribbit Capital, while U.S. company Rain gained $58 million for developing banking tools for compliant stablecoin issuance.
In October, payment company Coinflow raised $25 million under a Series A round directed by Pantera Capital. The Chicago-based firm announced that the financing would support a global expansion of its stablecoin transaction settlement network.
Additionally, CMT Digital raised $136 million in funding dedicated to blockchain startups, including particular investments in stablecoin enterprises. Following the passage of the GENIUS Act in the U.S. on July 18, the stablecoin market has expanded by over $50 billion, elevating its value to nearly $309.55 billion, with Tether’s USDt (USDT) accounting for more than 60% of the market share.
