RedotPay has completed a $107 million Series B funding round, led by Goodwater Capital.

RedotPay, a Hong Kong-based stablecoin payment fintech company, recently announced the successful completion of a $107 million Series B funding round.

The round was led by renowned investment firm Goodwater Capital, with participation from several other major industry investors including Pantera Capital, Blockchain Capital, and Circle Ventures.

Existing investor HSG (formerly Sequoia Capital China) also continued to invest, demonstrating the market's and investors' strong confidence in RedotPay's future prospects. RedotPay focuses on providing efficient and low-cost payment solutions to global users using stablecoin technology.

The company is committed to breaking down barriers between traditional finance and the digital currency ecosystem, providing instant and secure cross-border payment services to users and merchants through its innovative payment infrastructure.

Currently, RedotPay's business covers more than 100 markets globally, with over 6 million registered users, demonstrating strong international expansion capabilities and user recognition. In the context of the accelerating integration of the digital economy and cryptocurrencies, RedotPay has successfully attracted the attention of several top investment institutions thanks to its compliance-oriented operating model, robust technical architecture, and clear global payment strategy.

This round of financing will help the company further expand its investment in technology research and development, broaden its global market coverage, strengthen its compliance system, and deepen its ecosystem integration with various partners.

As stablecoins are increasingly widely used in payments, remittances, and commercial settlements, the sector in which RedotPay operates is experiencing unprecedented development opportunities.

This round of financing not only provides ample capital support but will also leverage the resources and experience of its investors in fintech, blockchain, and global markets to drive RedotPay's faster and more stable growth in the next stage.

It is foreseeable that RedotPay will continue to use Hong Kong as a hub to connect with the global market, promote the popularization and application of stablecoin payment services, and contribute innovative power to building a more open, efficient, and inclusive global payment network.