Key Highlights

• RedotPay is seeking to raise up to $150 million in fresh funding as it prepares for a U.S. listing, Bloomberg reported. 

• The pre-IPO push comes amid executive turnover and added sensitivity around the company’s mainland China links. 

• The fundraising would follow RedotPay’s $107M Series B in December 2025, according to the company. 

Hong Kong-based stablecoin payments firm RedotPay is seeking to raise up to $150 million in new financing as it moves toward a potential U.S. IPO, Bloomberg reported, citing people familiar with the matter. 

The company’s IPO drive has been accompanied by leadership churn and heightened scrutiny around its connections to mainland China, factors that can complicate U.S. capital markets plans even as investor interest in stablecoin infrastructure grows. 

RedotPay has positioned itself as a stablecoin payments and card platform. In a December 2025 announcement, the company said it raised $107 million in a Series B and reported more than 6 million registered users across 100+ markets, with $10B+ annualized payment volume and $150M+ annualized revenue at the time.