RedotPay’s $1B IPO: Crypto Dreams, Billion-Dollar Hopes, and a Dash of Nonsense

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Key Highlights (Because We All Love a Good List)

  • RedotPay is planning a $1B US IPO, because nothing says “trust us” like asking millions of people to hand over their money for a chance to own a piece of a company that probably exists in a spreadsheet.
  • Sources say the company might aim for a $4B valuation, which is a number so large it’s practically a verb now.
  • RedotPay has investors so experienced they’ve probably forgotten what it’s like to sleep. Also, they’re “positioned to expand globally,” which is a fancy way of saying “we’ll try not to get shut down by regulators this time.”

RedotPay, a Hong Kong-based stablecoins payments company, is planning a US stock market debut that could raise over $1 billion. Because nothing says “innovation” like turning your crypto into a public offering. The startup aims to list in New York later this year, presumably after convincing JPMorgan Chase, Goldman Sachs, and Jefferies that this isn’t a scam. Spoiler: They’re probably just trying to get a seat at the table before the party crashes.

According to Bloomberg, sources close to the matter suggest the company might also target a valuation exceeding $4 billion, though details could shift as plans evolve. Because nothing says “stability” like a valuation that’s more fluid than a toddler on a trampoline. Insiders also shared that other banks might join the IPO process later-because why not add a few more names to the “we’re all in this together” list?

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, and others who clearly have a lot of faith in a company that probably still uses dial-up. The platform had more than six million registered users as of November, which is more than enough to fill a small stadium-and probably a few more lawsuits.

The company is yet to issue an official statement about the details at press time. Because nothing says “transparency” like a press release that’s been delayed by “logistics.”

Strategic Partnerships and Funding Momentum (Or: How to Make a Fortune While Everyone Else Panics)

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.” Because nothing says “global reach” like letting people convert their digital assets into a currency that’s basically a synonym for “economic disaster.”

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. Because if you can’t trust a venture capitalist, who can you trust? Also, the tech entrepreneur probably owns a yacht.

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2026-02-24 11:32