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Techub News reported, according to Bloomberg, that Hong Kong stablecoin payment company RedotPay is in talks with multiple institutions for a new round of financing of up to $150 million. The company had previously completed over $150 million in financing last year, with investors including the venture capital arms of Coinbase and Circle. Currently, RedotPay's valuation exceeds $1 billion, with the goal of listing in the United States this year at a valuation exceeding $4 billion. The company is facing frequent executive changes during its IPO process; over the past year, at least five senior employees have held their positions for less than 12 months, the compliance head position has changed twice, and it is currently advancing its listing plan without a Chief Financial Officer. Investor materials show that RedotPay's annualized total payment volume exceeded $10 billion last year, doubling year-on-year, with revenue reaching $158 million, over 6 million users, and coverage in over 100 countries. Additionally, some of the company's connections with mainland China have drawn attention: co-founder Dawei Yuan is a former co-founder of the cryptocurrency exchange Huobi, and Chief Operating Officer Troy Yao previously managed an engineering team in China, which relocated to Hong Kong in 2025 due to concerns from U.S. investors; the participation of Beijing-based venture capital firm Gaorong Capital was not publicly disclosed due to China's regulatory stance on cryptocurrencies.
Techub News, according to Bloomberg, Hong Kong stablecoin payment company RedotPay is considering an initial public offering (IPO) in the United States, aiming to raise over $1 billion. The company has partnered with JPMorgan, Goldman Sachs, and Jefferies to advance the listing process, potentially debuting in New York as early as this year, with a target valuation exceeding $4 billion. The relevant plans are still under discussion, and details such as the fundraising scale and valuation may be subject to adjustment.
Techub News, according to Cointelegraph, Hong Kong-based stablecoin payment company RedotPay has completed a $47 million strategic funding round at a valuation exceeding $1 billion. This round was led by Coinbase Ventures, with participation from Galaxy Ventures, Vertex Ventures, and others. RedotPay was established in April 2023, offering stablecoin payment cards, multi-currency wallets, and global payment services. To date, the company has over 5 million users, with total payment transaction volume reaching $10 billion. The global payment service launched this June has made progress in less developed regions such as Latin America, enabling direct transfers of cryptocurrency to local bank accounts or e-wallets. RedotPay is currently headquartered in Hong Kong, with branches in Europe and Argentina, and has obtained licenses in relevant regions. Future plans include further expanding global business channels, deepening cooperation with banks and payment networks, while prioritizing global licensing and compliance efforts.
Techub News reports, according to The Block, Hong Kong, China-based stablecoin payment fintech company RedotPay has completed a $107 million Series B funding round. The round was led by Goodwater Capital, with participation from investors including Pantera Capital, Blockchain Capital, and Circle Ventures, among others. Existing investors include HSG (formerly Sequoia Capital China), etc. RedotPay utilizes stablecoins to provide global payment services and stated that it currently has over 6 million registered users in more than 100 markets worldwide.
Techub News, according to The Block, stablecoin payment platform RedotPay has completed a $107 million Series B funding round, led by Goodwater Capital.Headquartered in Hong Kong, RedotPay focuses on providing global payment services using stablecoins. It already has over 6 million registered users across more than 100 markets, with total funding reaching $194 million this year. This funding round was led by Silicon Valley venture capital firm Goodwater Capital, with participation from new investors including Pantera Capital, Blockchain Capital, and Circle Ventures. Existing investor HSG (formerly Sequoia China) also followed on. The company will use the new funds to accelerate stablecoin payment innovation and global expansion.
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