RedotPay Raises $107 Million for Global Stablecoin Payments

RedotPay Secures $107 Million Series B Investment

Hong Kong-based fintech firm RedotPay has raised $107 million in a Series B funding round to expand its global stablecoin-backed payment services.

The funding round was led by Goodwater Capital, with participation from notable investors such as Pantera Capital. With this new investment, RedotPay's total raised capital is expected to reach $194 million by 2025.

Innovative Steps in Global Payment Systems

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