Hong Kong crypto payment card company Redotpay plans to confidentially file for a U.S. IPO by the end of the year, with a valuation of at least $5 billion.

BlockBeats news, October 27 - According to Bloomberg, Hong Kong crypto payment card company Redotpay is preparing to confidentially submit an IPO application to the U.S. SEC before the end of the year, targeting a valuation of at least $5 billion. The report noted that the company is still in talks for Pre-IPO financing at a valuation of $4-5 billion.

Public information shows that the company currently has: over 9 million customers and annualized revenue exceeding $180 million. RedotPay also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.