According to Bloomberg, Hong Kong-based stablecoin payments startup RedotPay is seeking a new round of funding targeting up to $150 million. This comes just months after its previous funding round, during which the company raised over $150 million in two rounds in September and December 2025, with investors including Coinbase Global and the venture capital arm of Circle Internet Group. Meanwhile, RedotPay is facing internal executive departures, and its ties to mainland China have drawn sensitive scrutiny amid its IPO preparations. The company is currently in discussions with multiple institutions regarding the new funding round, though specific details have not been disclosed.
Hong Kong stablecoin payment startup RedotPay seeks $150 million in new funding amid executive exodus and scrutiny over ties to China.
TechFlowShare
Summary
Hong Kong-based stablecoin payment startup RedotPay is reportedly raising up to $150 million in new funding, following over $150 million in project funding announcements in September and December 2025. The company is in discussions with multiple investors, though no terms have been disclosed. Alongside this capital push, RedotPay is facing internal pressure from executive departures and regulatory scrutiny over its ties to mainland China as it pursues an IPO.
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