Finance
What to know:
- In a dazzling spectacle that could rival any magician’s best trick, RedotPay-a Hong Kong-based fintech-has conjured up a whopping $107 million in its Series B round to sprinkle some global fairy dust on its stablecoin-powered payment services.
- The cherry on top? This funding round, led by the illustrious Goodwater Capital and sprinkled with contributions from Pantera Capital, has catapulted RedotPay’s total capital raised in 2025 to a staggering $194 million. Talk about a financial buffet!
- Founded in the glorious year of 2023, RedotPay aims to slice costs and settle payments faster than you can say “cross-border transactions,” particularly in those ever-so-exciting emerging markets. Oh, and it’s teamed up with Circle for those oh-so-fancy crypto-to-bank transfers in Brazil. Because why not?
In a bold move that would make any gambler proud, Hong Kong’s own payments magician, RedotPay, has raised a cool $107 million, setting out to scale its stablecoin-powered payments across over 100 countries. It’s putting its faith in blockchain rails, hoping they can outshine the dusty old tracks of traditional finance.
This round, which was so popular it might as well have been a concert featuring a pop star, saw participation from star-studded names like Blockchain Capital and Circle Ventures, bringing RedotPay’s total treasure chest in 2025 to $194 million-enough to make any dragon hoard jealous.
With more than 6 million users now basking in its glow, RedotPay processes over $10 billion in annualized payment volume. And get this-it generates more than $150 million in annual revenue as stablecoin adoption accelerates faster than a cheetah on roller skates in the world of payments and remittances.
This year, RedotPay achieved unicorn status (not the mythical creature, but close enough) when it secured $47 million with backing from Coinbase Ventures, Galaxy, and Vertex. Quite the impressive feat for a startup that just celebrated its second birthday!
The funding arrives as competition among stablecoin issuers heats up like a summer day in Hong Kong, with firms vying for a slice of the remittance pie and everyday spending. RedotPay plans to use some proceeds from this glowing round to stretch its wings further afield.
Earlier this year, RedotPay made waves by enabling crypto-to-fiat transfers directly into users’ bank accounts using Circle’s payment network in Brazil, effortlessly converting stablecoins into local currency while leaving the clunky old correspondent banking rails behind. Talk about a smooth operator!
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2025-12-16 17:32