RedotPay Eyes $1B US IPO Amid Global Expansion Push

RedotPay, a Hong Kong-based stablecoins payments company, is planning a US stock market debut that could raise over $1 billion. The startup aims to list in New York later this year and is working with major banks like JPMorgan Chase, Goldman Sachs, and Jefferies to make it happen.

As per Bloomberg, sources close to the matter indicate the company may also target a valuation exceeding $4 billion, though details could shift as plans evolve. Insiders also shared that other banks might join the initial public offering (IPO) process later.

The firm gained attention for its rapid growth and funding success. In 2025, RedotPay raised $194 million through a Series B round, achieving unicorn status. Investors include Accel, Blockchain Capital, Goodwater Capital, HSG, Pantera Capital, and Vertex Ventures. The platform had more than six million registered users as of November, highlighting its expanding global footprint.

The company is yet to issue an official statement about the details at press time. 

Strategic partnerships and funding momentum

Apart from IPO plans, RedotPay has been expanding globally through new partnerships recently. In December 2025, it teamed up with Ripple to bring Ripple Payments onto its platform. This partnership allows users to send crypto and instantly receive Nigerian Naira with a feature called “Send Crypto, Receive NGN.” 

In addition, RedotPay has been consistently raising funds, such as a $40 million round of funding led by Lightspeed Venture Partners and a $47 million injection of funds from Coinbase Ventures, Galaxy Ventures, Vertex Ventures, and a tech entrepreneur.

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