TLDR
- RedotPay has opened discussions to raise up to $150 million ahead of a planned US IPO.
- Bloomberg reported that the potential IPO could value the company at more than $4 billion.
- The company previously raised $194 million in funding rounds in September and December 2025.
- Coinbase Ventures, Circle Ventures, and Blockchain Capital participated in earlier funding rounds.
- RedotPay said its annualized total payment volume surpassed $10 billion in December 2025.
RedotPay has opened talks to raise up to $150 million as it advances plans for a U.S. IPO, Bloomberg reported. The Hong Kong-based stablecoin payments firm could seek a valuation above $4 billion. The discussions follow recent funding rounds that lifted the company to unicorn status.
RedotPay Pursues Fresh Capital and IPO Plans
RedotPay began discussions with potential investors about a new funding round, according to Bloomberg. The report said the company could secure as much as $150 million. The firm aims to support expansion and prepare for a U.S. listing.
The fundraising talks come months after RedotPay raised $194 million in September and December 2025. Those rounds included Coinbase Ventures, Circle Ventures, and Blockchain Capital. The company reached a valuation above $1 billion after those investments.
Bloomberg reported that RedotPay could pursue a U.S. IPO as soon as this year. The report said the listing could value the firm at more than $4 billion. The company has not confirmed a specific timeline for the offering.
A spokesperson told The Block that RedotPay faces no urgent need for capital. The spokesperson cited strong cash flow and liquidity. “While we receive market inquiries from time to time, we remain open to investors who bring strategic value to us,” the spokesperson said.
The spokesperson did not directly confirm the reported $150 million target. The Block said it sent a follow-up request for further details. The company has not issued further public comments.
RedotPay said its annualized total payment volume exceeded $10 billion in December 2025. The spokesperson added that full-year TPV rose 300% year over year. The company enables users to spend crypto through traditional payment networks.
Leadership Changes and China ties Draw Attention
Bloomberg reported that at least five senior executives left RedotPay within a year. The report said the company also changed compliance leaders several times. The firm is pursuing its IPO plans without a chief financial officer.
The spokesperson addressed the management changes in comments to The Block.
“As we transition from an early-stage startup to a unicorn, we are evolving our organizational structure and talent pool to support our ongoing growth trajectory,” the spokesperson said. The company did not provide further details on executive departures.
RedotPay does not serve users in mainland China. However, Bloomberg said some founders and early operations had links to the region. Parts of the team relocated to Hong Kong last year.
The report said Beijing-based Gaorong Ventures backs the company. China continues to ban crypto transactions and restrict related activities. In contrast, Hong Kong has introduced regulatory frameworks to attract crypto firms.
Hong Kong authorities have promoted the city as a digital asset hub. They have rolled out licensing regimes for crypto exchanges and stablecoin issuers. RedotPay continues to operate from Hong Kong as it advances its IPO preparations.
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