Core Insights - RedotPay, a Hong Kong-based payments fintech, has raised $107 million in a Series B funding round to expand its stablecoin-powered payment services across over 100 countries, aiming to compete with traditional cross-border finance [1] - The company has now raised a total of $194 million in 2025, with the latest round being oversubscribed and led by Goodwater Capital, alongside participation from Pantera Capital, Blockchain Capital, and Circle Ventures [1] Company Performance - RedotPay serves more than 6 million users globally and processes over $10 billion in annualized payment volume, generating more than $150 million in annualized revenue as stablecoin adoption increases in payments and remittances [2] - The company achieved unicorn status earlier in 2025 after closing a $47 million funding round with support from Coinbase Ventures, Galaxy, and Vertex [2] Product Offering - Founded in 2023, RedotPay provides stablecoin-based cards, wallets, and payout services designed to reduce costs and settlement times for cross-border payments, particularly in emerging markets [3] - Payment volume has nearly tripled year-on-year in 2025, with over 3 million new users joining the platform through November [3] Market Dynamics - The funding comes amid increasing competition among stablecoin issuers and payment firms targeting remittances and everyday spending [4] - RedotPay plans to use part of the funding to expand its geographical coverage and has recently enabled crypto-to-fiat transfers directly to users' bank accounts in Brazil, converting stablecoins into local currency and bypassing traditional banking systems [4]