RedotPay weighs confidential US IPO filing for year-end

• RedotPay is considering a confidential US initial public offering filing by the end of 2026.
• The Hong Kong-based crypto payments company is discussing pre-IPO funding at a $4 billion to $5 billion valuation.
• RedotPay has more than nine million customers and annualised revenue exceeding $180 million.

RedotPay is weighing a confidential US IPO filing by year-end, according to an exclusive report by Bloomberg.

The Hong Kong-based company is also discussing a funding round valuing the business at $4 billion to $5 billion.

The potential listing follows months of deliberations and regulatory discussions surrounding RedotPay’s US market entry.

RedotPay’s annualised revenue run rate has exceeded $180 million after reaching $100 million within 18 months of its 2023 launch.

The company provides physical and virtual payment cards that let customers spend cryptocurrencies, including stablecoins, on everyday purchases.

RedotPay has more than nine million customers and around 280 employees worldwide, according to the report.

Revenue rose more than 50% year-on-year during the first three quarters of 2026, while its operating profit margin exceeded 50%.

The potential listing and funding round have yet to be confirmed, with no final valuation or timetable announced.