RedotPay, a global stablecoin-focused payment fintech, has successfully raised $107 million in its Series B funding round, bringing its total capital raised in 2025 to $194 million.
As of November 2025, RedotPay serves over 6 million users across more than 100 markets, handling more than $10 billion in annualized payment volume.
The company generates $150 million in annualized revenue, continuing profitable growth through a scalable, efficient business model.
Strategic investors and support
The Series B was led by Goodwater Capital and included participation from Pantera Capital, Blockchain Capital, Circle Ventures, as well as existing backers such as HSG.
These investors bring deep expertise in consumer fintech, blockchain infrastructure, and global payments, aligning with RedotPay’s mission to expand access to stablecoin-powered financial services.
Michael Gao, RedotPay’s Co-Founder and CEO, said,
“Our goal is to help users manage their finances with confidence through stablecoin-powered services. This funding allows us to accelerate product innovation and expand globally while maintaining compliance and delivering exceptional user experiences.”
Goodwater Capital partner Jin Oh added,
“Stablecoins have the potential to disrupt global money flow and enhance financial inclusion. RedotPay is improving access and usability at scale, and we are excited to support its next phase of growth.”
Driving global stablecoin adoption
RedotPay enables users to send and spend stablecoins worldwide with instant, predictable, and borderless transactions.
Its key offerings include:
- Stablecoin-Based Card: Securely spend stablecoins and other digital assets anywhere.
- Global Payouts: Fast, reliable stablecoin-powered transfers across borders.
- Stablecoin Access: Multi-currency accounts and a P2P marketplace connecting traditional finance and digital assets.
Ryan Barney of Pantera Capital highlighted,
“RedotPay is bringing stablecoins into everyday payments on a global scale, helping to create a faster and more inclusive financial system.”
Jonah Burian of Blockchain Capital added, “In many countries, consumers face currency risk and fragile banking systems. RedotPay gives people control over their financial future, serving as both a trusted storage of value and a practical payment tool.”
Plans for expansion
As RedotPay continues its global expansion, the company is also putting its stablecoin vision into action in high-adoption markets like Nigeria.
RedotPay has partnered with Ripple to launch “Send Crypto, Receive NGN”, enabling users to convert major digital assets into Nigerian naira and receive funds directly in local bank accounts within minutes. Supported assets include USDC, USDT, Bitcoin, Ether, Solana, Tron, XRP, and BNB, with Ripple’s RLUSD stablecoin integration planned.
Nigeria ranks sixth globally in crypto adoption, and stablecoin-based solutions like this provide faster, reliable on-and-off ramps amid currency volatility. Regulatory developments over the past two years, including SEC oversight and high-profile legal actions, underscore the importance of compliant, secure financial infrastructure.
By anchoring this service on Ripple Payments, RedotPay demonstrates the real-world utility of its stablecoin offerings while expanding adoption in emerging, high-growth markets.
Oleksii Shumak
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