Hong Kong-based stablecoin payments firm RedotPay is looking to raise fresh capital, up to $150 million, even as it gears up for a potential U.S. IPO that could value the company at more than $4 billion.
The firm has been on a strong growth run, having already secured $194 million in late 2025 from investors including Coinbase Ventures, Circle Ventures, and Blockchain Capital.
Interestingly, the new fundraising push doesn’t come from urgency. The company says it’s in a comfortable position financially, with solid cash flow and liquidity.
Instead, the move appears to be more about building momentum as it prepares for a possible public listing in the U.S. later this year, and strengthening its position in the fast-growing stablecoin payments space.
RedotPay eyes strategic investors as payment volume tops $10 billion
RedotPay says it’s open to bringing in investors who can offer more than just capital, even as it stays vague on reports of a $150 million raise. The company has also been growing rapidly, with its payment volume exceeding $10 billion in late 2025 and rising by 300 percent over the course of the year.
The company’s main business of enabling the spending of crypto using conventional payment systems has enabled the company to establish itself as a significant player in the stablecoin payments sector.
However, things are not entirely rosy behind the scenes at the company. There have reportedly been departures of senior management within the past year, as well as changes in the compliance leadership.
Adding to that, RedotPay is said to be pursuing its IPO plans without a chief financial officer, raising some concerns about internal stability as it scales.
RedotPay faces scrutiny over China links despite Hong Kong shift
RedotPay is also under a bit of the spotlight because of its China ties. Even though it doesn’t operate in mainland China, some of its early roots trace back there, which has made certain U.S. investors slightly wary.
However, over the course of time, the firm has moved some of its staff to Hong Kong, indicating a stronger affinity with a crypto-friendly nation.
Moreover, the involvement of Gaorong Ventures, based out of Beijing, in the list of investors of the firm makes for an interesting narrative considering China’s continued crackdown on crypto.
While China continues to strictly prohibit crypto, Hong Kong has chosen to take the opposite route by establishing a regulatory framework that supports crypto entities.