Hong Kong-based stablecoin payment firm RedotPay is seeking to raise up to $150mn ahead of a potential US public listing, according to Bloomberg.
Stablecoin Unicorn RedotPay Bleeds Executives During Capital Raise: Bloomberg
18 March 2026 - 10:30 CET
The fintech unicorn is currently valued at more than $1bn but has lost at least five senior staff members over the past year including its chief financial officer, the report states.
The company previously secured $194mn across three funding rounds in 2025, capped by a $107mn raise in December led by Goodwater Capital. RedotPay integrates digital tokens with established payment networks to offer multi-currency wallets and stablecoin-based cards.
The recent wave of executive departures was triggered by a punishing "996" work culture common among Chinese tech firms, according to the report.
