RedotPay Raises $107 Million for Global Stablecoin Payments

RedotPay Raises 107 Million Dollars in Series B Funding

Hong Kong-based fintech company RedotPay has completed a 107 million dollar Series B funding round to expand its global stablecoin-backed payment services.

This funding round was led by Goodwater Capital, with participation from prominent investors such as Pantera Capital. With this new investment, RedotPay has reached a total capital of 194 million dollars by 2025.

Innovative Steps in the Global Payment System

Founded in 2023, RedotPay aims to reduce the costs and settlement times for international payments, particularly in emerging markets. The company is collaborating with Circle to enable cryptocurrency bank transfers in Brazil.