RedotPay explains team consolidation as it weighs $150M funding and potential US IPO

Hong Kong-based stablecoin payments firm RedotPay said it has consolidated teams to boost efficiency while scaling, after a report highlighted executive departures and China-linked sensitivities. The company is exploring raising up to $150 million and previously considered a US IPO that could exceed $1 billion in proceeds and a $4 billion valuation, but it insists there is no urgent need for new capital. RedotPay, founded in 2023, now employs more than 250 staff globally and offers a stablecoin spending app paired with a Visa card, along with yield and remittance services.