Market News

US Fintech Redotpay Targets $150M Fundraising as Stablecoin Usage Grows

Hong Kong-based fintech Redotpay is raising up to $150 million ahead of a potential U.S. IPO, enhancing its role in stablecoin transactions.

This fundraising effort comes after a successful $194 million capital raise in 2025, pushing its valuation beyond $4 billion.

Redotpay boasts strong liquidity and a healthy cash flow, seeking strategic investors who can offer additional value beyond capital.

The company’s app and Visa debit card empower users to spend stablecoins like USDC and USDT for everyday purchases, while providing yield and remittance options.

Since its launch in mid-2023, Redotpay has amassed over 6 million users across 100 countries, deliberately excluding mainland China to appeal to global investors.

With an annualized revenue of around $158 million and over $10 billion in total payment volume, its growth demonstrates the increasing real-world applications of stablecoins.

Backed by notable investors like Coinbase Ventures and Circle Ventures, Redotpay is planning a potential New York listing as early as 2026, partnering with top banks for the initiative.

However, the firm faces challenges, including executive turnover and the need to navigate a complex regulatory landscape as it prepares for its IPO.

As stablecoins gain global traction, Redotpay aims to make them practical for daily use, moving beyond their current perception as tools for traders.

The company’s vision will be put to the test amid evolving market conditions and investor sentiment in the coming months.