RedotPay raises $107M to expand stablecoin cards and global payout network
Backed by Pantera, Circle, and Goodwater, the stablecoin fintech hits $10B in volume and 6M users as it expands cards, payouts, and compliance.
Key Takeaways
- RedotPay raised $107 million in a Series B round to expand its stablecoin payments platform.
- The company reported tripling payment volume year over year with over 6 million registered users globally.
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RedotPay, a stablecoin-powered payments fintech, has closed a $107 million Series B round, bringing its 2025 fundraising total to $194 million.
The oversubscribed round was led by Goodwater Capital and included Pantera Capital, Blockchain Capital, Circle Ventures, and returning backers like HSG.
With over 6 million users across 100+ markets, RedotPay says it is now processing more than $10 billion in annualized volume and generating over $150 million in yearly revenue. Its platform includes a stablecoin-based debit card, a global payout network, and a multi-currency account system that bridges crypto and traditional finance.
CEO Michael Gao said the company will use the new capital to scale operations, expand into new markets, and double down on compliance infrastructure. RedotPay also plans strategic acquisitions to deepen its product stack.
Pantera and Blockchain Capital emphasized the platform’s ability to address real-world financial pain points like inflation and fragile banking systems, with stablecoins enabling cross-border payments and dollar access for millions.
