Stablecoin payments company RedotPay 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, as well as continued support from existing investors including HSG.
Founded in Hong Kong, RedotPay offers stablecoin-based payment products, including a card that allows users to spend digital assets, stablecoin-powered payment rails for cross-border transfers, and services that allow users to access and hold stablecoins through multi-currency accounts and a peer-to-peer marketplace.
RedotPay has more than 6 million registered users in more than 100 markets, processes more than $10 billion in annualized payments volume and generates more than $150 million in annualized revenue, the company said in a statement Tuesday. press release announcing the increase.
RedotPay said the funding would be used to pursue acquisitions, obtain additional licenses, expand its compliance operations and hire engineering and product teams, as it enters new markets and expands its payments offering.
RedotPay last raised capital in September, a An investment of 47 million dollars which he said valued the company at over $1 billion. This round included participation from Coinbase Ventures, as well as continued support from Galaxy Ventures and Vertex Ventures.
In December, RedotPay in partnership with Ripple to launch a crypto-naira payments feature that allows users to convert digital assets to Nigerian naira and receive funds directly into local bank accounts.
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Stablecoin companies raise funds
Several stablecoin-focused companies have raised capital in 2025.
In August, venture capitalists committed nearly $100 million to stablecoin infrastructure companies. Swiss company M0 raised $40 million in a Series B led by Polychain Capital and Ribbit Capital, while US startup Rain secured $58 million to create tools for banks to issue regulated stablecoins.
In October, stablecoin payments company Coinflow raised $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, CMT Digital closed $136 million fund to support blockchain startups, with a portion allocated to stablecoin companies. The cryptocurrency venture capital firm said it has already deployed about a quarter of the fund, including investments in Coinflow and stablecoin company Codex.
Since the passage of GENIUS Law In the United States, on July 18, the stablecoin market grew by more than $50 billion to approximately $309.55 billion, with more than 60% of the market dominated by Tether’s USD (USDT), according to DefiLlama data.
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