RedotPay secured a total of $194 million in 2025 across three rounds, reaching unicorn status and attracting backing from major crypto and venture investors.
Hong Kong-based stablecoin payments firm RedotPay is reportedly weighing a US initial public offering (IPO) that could raise more than $1 billion and value the company at over $4 billion.
The company is working with JPMorgan Chase, Goldman Sachs and Jefferies on a potential New York listing that could occur as early as this year, Bloomberg reported on Tuesday, citing people familiar with the matter. Terms remain under review and could still change, while additional banks may join the underwriting group, per the report.
Founded in April 2023, RedotPay provides stablecoin-linked payment cards, multicurrency wallets and international payout services. According to its website, the company has 6 million users and handles about $10 billion in annualized payment volume.
