RedotPay Targets $150M Raise for US IPO Push

Edgen Crypto

·Mar 18 2026, 08:05

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Key Takeaways

Hong Kong-based crypto payments firm RedotPay is reportedly seeking up to $150 million in a new funding round as it prepares for a potential U.S. Initial Public Offering. The move follows a significant strategic expansion of its regulatory footprint across North and South America, positioning the company for accelerated growth.

IPO Preparation: RedotPay is in discussions to raise $150 million in a pre-IPO funding round to strengthen its position before a potential U.S. stock market listing.
Regulatory Foundation: The company recently secured key licenses, including Money Services Business (MSB) registrations in the United States and Canada, and a Virtual Asset Service Provider (VASP) license in Argentina.
Global Expansion: With over six million existing users, RedotPay plans to use the new capital and licenses to launch new products in Canada and Argentina starting in 2026, targeting high-growth digital payment markets.

RedotPay Targets $150M to Fuel US IPO Ambitions

Hong Kong-based crypto payments company RedotPay is in discussions to raise up to $150 million in a new funding round, a strategic move as it prepares for a potential U.S. Initial Public Offering. A successful capital raise of this magnitude would signal strong investor confidence in the digital payments sector and provide RedotPay with significant resources to accelerate its global expansion and product development. The financing initiative positions the company to strengthen its market standing ahead of a public debut, potentially influencing valuations for other crypto infrastructure firms.

Global Expansion Builds on US and LatAm Licensing Wins

RedotPay's fundraising plans are built on a solid foundation of recent regulatory achievements. The firm has successfully expanded its compliance framework by securing a Money Services Business (MSB) registration with FinCEN in the U.S., a Canadian MSB license, and a Virtual Asset Service Provider (VASP) license in Argentina. These approvals are critical for operating in key international markets and demonstrate a commitment to regulatory adherence that is crucial for institutional and retail adoption.

Securing and maintaining robust regulatory frameworks across Argentina, Canada and the U.S. is a major step forward in our global compliance and expansion strategy.

— Michael Gao, CEO and Co-founder of RedotPay

Building on this multi-jurisdictional approach, RedotPay is accelerating its push into North and Latin America. The company plans a strategic product rollout in 2026, including e-wallets supporting local CAD payouts in Canada and a full suite of crypto services in Argentina. These initiatives aim to serve its growing user base, which currently stands at over six million registered users across more than 100 countries, by bridging digital assets with everyday financial systems.