RedotPay Closes $107M Series B to Accelerate Cross-Border Payments

RedotPay, a global fintech focused on stablecoin-powered payments, has raised $107 million in a Series B funding round led by Goodwater Capital, with participation from new investors. The funding comes amid strong growth for the company, which now has over 6 million users across more than 100 countries and an annualized payment volume exceeding $10 billion.

The Hong Kong-based platform enables users to send, spend, and access digital assets through stablecoin-based financial services. Key offerings include a global payment card for spending stablecoins and other digital assets, cross-border payout rails for fast transfers, and multi-currency accounts with a P2P marketplace. RedotPay aims to bridge the gap between traditional finance and digital assets, serving both crypto-native users and those new to digital currencies.

According to the company, the new capital will be used to accelerate product development, expand into new markets, enhance infrastructure, strengthen compliance capabilities, and grow engineering and product teams. The Series B underscores investor confidence in RedotPay’s scalable business model and its potential to advance financial inclusion worldwide.

RedotPay joins a growing group of fintechs leveraging blockchain technology to provide faster, more accessible, and secure payment solutions. With stablecoin adoption rising and demand for borderless payments increasing, the company aims to position itself as a key player in the global digital finance ecosystem.

Source:
Financial News
RedotPay
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