Hong Kong Stablecoin Payment Unicorn RedotPay Seeks New Funding Round While Facing Executive Departures and Mainland Background Controversy

DeepFlowTech · 2026-03-18T00:55:17+00:00

Hong Kong stablecoin payment startup RedotPay is seeking up to $150 million in new funding, despite facing executive turnover and sensitive issues related to mainland China connections. The company is currently in discussions with multiple institutions, but funding details have not yet been disclosed.

DeepFlowTech

2026-03-18 00:55:17

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Deep Tide TechFlow News, March 18 — According to Bloomberg, Hong Kong-based stablecoin payment startup RedotPay is seeking a new funding round, aiming to raise up to $150 million. This comes just a few months after its previous funding round. The company completed two rounds of financing totaling over $150 million in September and December 2025, with investors including Coinbase Global and the venture capital arm of Circle Internet Group.

Meanwhile, RedotPay is facing high-level executive turnover, and its connections to mainland China have raised sensitive concerns during the IPO process. The company is currently in talks with multiple institutions regarding the new funding round, but specific details have not been disclosed.

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