RedotPay, a Hong Kong-based stablecoin payment company, announced that it is “restructuring” its team to improve efficiency as it scales up, amid reports of senior management changes. According to Bloomberg, at least five executives have left the company within a year, including two compliance directors, amid a reportedly high-pressure work environment.
Previously, RedotPay was considered to be contemplating an IPO in the U.S., potentially raising over $1 billion with a valuation exceeding $4 billion, in partnership with JPMorgan, Goldman Sachs, and Jefferies. However, the company did not confirm these reports, emphasizing that the founding team still manages the core operations.
RedotPay also stated that it does not currently need to raise additional capital due to stable cash flow, despite having raised a total of $194 million in 2025. Founded in 2023, the company offers a stablecoin payment app integrated with a Visa card, supporting spending, yield, and money transfers.
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