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- RedotPay
RedotPay Revenue, Valuation, Funding & Investors
RedotPay is valued at $2B as of December 2025, a 13.3x multiple on its last reported $150M revenue.
Last RedotPay valuation
$2B
Series B · Dec 2025
Last RedotPay funding round
$107M
Series B · Dec 2025
RedotPay revenue
$150M
Series B · Dec 2025
Key investors in RedotPay
HSG
Vertex Ventures
Accel
Lightspeed Venture Partners
Goodwater Capital
Coinbase Ventures
About RedotPay
RedotPay is a Hong Kong-based fintech platform bridging cryptocurrency and fiat payments. Users access Visa and Mastercard debit cards loaded with USDT and USDC, alongside a multi-currency wallet for global transfers. The service includes crypto earning via staking, OTC trading, and business payout tools. Launched in 2022, RedotPay serves customers in over 150 countries with regulatory compliance in multiple jurisdictions.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$150M (Dec 2025)
Valuation
$2B (Dec 2025)
RedotPay Valuation
RedotPay is currently valued at $2B, based on its Series B in December 2025.
The $107M round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures and HSG.
RedotPay's valuation has grown 2.0x from $1B at its undisclosed-stage round in September 2025 to $2B in December 2025, across 2 priced rounds.
RedotPay valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2025 | Series B | $2B | 13.3x |
| Sep 2025 | Undisclosed stage | $1B | 6.7x |
RedotPay Revenue
RedotPay's latest recorded revenue is $150M, as of its Series B in December 2025. At a $2B valuation, that implies a 13.3x revenue multiple.
Revenue moved from $150M in September 2025 to $150M in December 2025, while the revenue multiple moved from 6.7x to 13.3x.
RedotPay revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2025 | $150M | $2B | 13.3x | Series B |
| Sep 2025 | $150M | $1B | 6.7x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
RedotPay Funding History
RedotPay has raised a total of $194M across 3 funding rounds.
RedotPay's first fundraising round was a $40M Series A in March 2025. The most recent completed round was a $107M Series B in December 2025.
RedotPay funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Series B | Goodwater Capital (lead); Pantera Capital; Blockchain Capital; Circle Ventures; HSG | $107M | $2B | RedotPay is a Hong Kong-based stablecoin payment fintech company that enables borderless digital transactions using blockchain rails, serving over 6 million users across more than 100 countries. The platform processes more than $10 billion in annualized payment volume, with payment volume nearly tripling year-over-year in 2025 and over 3 million new users added through November. It generates over $150 million in annualized revenue and operates profitably through a scalable business model. On December 16, 2025, RedotPay closed an oversubscribed $107 million Series B round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and continued support from HSG and others. This brought total capital raised in 2025 to $194 million, following a $47 million strategic round in September 2025 that valued the company above $1 billion, with one source specifying a $2 billion valuation. A prior Series A of $40 million occurred in March 2025. The new funds will support strategic acquisitions, license applications for new markets, infrastructure scaling, compliance programs, hiring in engineering, product, and compliance teams, and accelerating product innovation for global expansion. CEO Michael Gao highlighted rapid demand growth for stablecoin-powered financial services. Goodwater Capital partner Jin Oh emphasized RedotPay's traction in disrupting global money flows and enhancing financial inclusion through stablecoin solutions. |
| Sep 2025 | Undisclosed stage | Coinbase Ventures (lead); Vertex Ventures; Galaxy Ventures | $47M | $1B | RedotPay is a Hong Kong-based stablecoin payments fintech that enables borderless digital transactions through a stablecoin-based app linked to Visa cards, supporting spending at merchants, online purchases, remittances, and yield on holdings. The platform serves over 6 million registered users across more than 100 countries and markets, focusing on bridging crypto and traditional payment ecosystems with blockchain rails for superior user experience. In 2025, RedotPay raised a total of US$194 million across multiple rounds, including an oversubscribed US$107 million Series B announced on December 16, 2025, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and existing investors like HSG. Earlier rounds contributed to the total, with mentions of over $150 million raised in September and December, though specific investors like Coinbase Ventures, Galaxy Ventures, or Vertex Ventures are not confirmed in these sources for the queried date around September 25, 2025. Funds are allocated for strategic acquisitions, licensing and compliance expansion, global hiring in engineering, product, and compliance, and geographic growth in key regions. As of November 2025, RedotPay reported over US$10 billion in annualized payment volume, which nearly tripled year-on-year with more than 3 million new users added through November, and generated over US$150 million in annualized revenue while delivering profitable growth via a scalable model. Payment volume metrics progressed, reaching $10 billion annualized by December per investor materials. The company is pursuing aggressive expansion, including talks for up to $150 million more in funding and a potential U.S. IPO targeting $1 billion to over $4 billion valuation, amid challenges like executive turnover of at least five senior hires in 12 months and reports of intense work culture, yet strong cash flow reduces fundraising pressure. |
| Mar 2025 | Series A | Lightspeed Venture Partners (lead); Galaxy Digital; Vertex Ventures; Accel; DST Global; HSG | $40M | - | RedotPay, a Hong Kong-based crypto payment platform founded in April 2023, offers stablecoin-linked payment cards, multicurrency wallets, and international payout services, enabling users to spend stablecoins like USDC and USDT via a mobile app and Visa debit card. The company serves over 6 million users across 100 countries, primarily in Asia and Latin America, and handles about $10 billion in annualized payment volume. It positions itself as a Revolut-style leader in crypto payments, bridging fiat onramps, card networks, and blockchain rails while emphasizing regulatory compliance and financial inclusion for the unbanked. On March 14, 2025, RedotPay closed a $40 million Series A round led by Lightspeed Venture Partners, with participation from HSG, Galaxy Ventures (noted as Galaxy Digital in query), DST Global Partners, Accel, and Vertex Ventures (Temasek-backed). The funding aims to accelerate product roadmap, enhance payment ecosystem user experience, reinforce compliance frameworks, and expand licensing across jurisdictions. This was the first of three 2025 rounds totaling $194 million, followed by a $47 million strategic round in September with Coinbase Ventures, Galaxy Ventures, Vertex Ventures, and others—where it claimed unicorn status at over $1 billion valuation—and a $107 million Series B in December led by Goodwater Capital with Pantera Capital, Blockchain Capital, Circle Ventures, and HSG. RedotPay reported annualized revenue of $158 million alongside its growth metrics after the 2025 fundraises, reflecting strong traction in stablecoin settlement amid rising adoption for real-world payments. The company achieved positive cash flow and robust liquidity, supporting its push toward public markets. In late 2025, it explored a U.S. IPO potentially raising over $1 billion at more than $4 billion valuation, working with JPMorgan Chase, Goldman Sachs, and Jefferies for a possible New York listing as early as 2026, while also eyeing a $150 million raise. |
Who has invested in RedotPay?
12 investors have backed RedotPay across its funding rounds, including HSG, Vertex Ventures, Accel, Lightspeed Venture Partners, Goodwater Capital and Coinbase Ventures.
Lead investors include Goodwater Capital, Coinbase Ventures and Lightspeed Venture Partners.
RedotPay Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Mar 2025 | ||
| 2 | Participant | Mar 2025 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Lead | Dec 2025 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Participant | Sep 2025 | ||
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Start Free TrialRedotPay Competitors
RedotPay competitors include listed companies like Block and Flywire, and private ones like Rain, 21.co, Aleph Group and Aptos.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.9B | - | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Private | $100M | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $623M | $45M | $2.2B | 2.6x |
RedotPay Public Comps
RedotPay is still privately-owned, but its public comps include Flywire, Sharplink, Pine Labs, StoneCo, Evertec, Lakala, Payoneer, Euronet Worldwide, Securitize and PagSeguro.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $623M | $45M | 3.0x | 2.6x | 41.8x | 11.9x | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $250M | $14M | 8.0x | 6.4x | 145.8x | 32.6x | |||
| $2.6B | $965M | 1.3x | 1.2x | 3.6x | 2.2x | |||
| $932M | $330M | 3.0x | 2.7x | 8.6x | 6.8x | |||
| $827M | $218M | 1.8x | 1.6x | 6.7x | 12.8x | |||
| $821M | ($43M) | 2.6x | 2.0x | (49.7x) | 7.5x | |||
| $4.2B | $648M | 0.7x | 0.7x | 4.9x | 4.2x | |||
This data is available for Pro users. Sign up to see all RedotPay competitors and their valuation data. Start Free Trial | ||||||||
Common questions about RedotPay
| When was RedotPay founded? | RedotPay was founded in 2023. |
| Where is RedotPay headquartered? | RedotPay is headquartered in Hong Kong, Hong Kong. |
| Is RedotPay publicly listed? | No, RedotPay is a private, VC-backed company. |
| What is RedotPay's valuation? | RedotPay was last valued at $2B in its Series B in December 2025. |
| How much funding has RedotPay raised? | RedotPay has raised $194M across 3 funding rounds. |
| What was RedotPay's last funding round? | RedotPay's last funding round was a $107M Series B in December 2025, led by Goodwater Capital. |
| Who are RedotPay's investors? | RedotPay's investors include Vertex Ventures, HSG, Galaxy Digital, Pantera Capital, Coinbase Ventures, Blockchain Capital, Circle Ventures, Goodwater Capital, Lightspeed Venture Partners, Galaxy Ventures and 2 others. |
| What is RedotPay's revenue? | RedotPay's latest recorded revenue is $150M (December 2025). |
| What is RedotPay's revenue multiple? | RedotPay's latest valuation implies a 13.3x revenue multiple ($2B valuation on $150M of revenue). |
| Which companies are comparable to RedotPay? | Companies comparable to RedotPay include Rain, Block, 21.co, Aleph Group, Aptos and Flywire. |
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