TechFlow News, March 18: According to a Cointelegraph report, Hong Kong-based stablecoin payment company RedotPay has responded to recent rumors regarding executive departures and fundraising, stating that the company is transitioning from an early-stage startup to a unicorn enterprise. The recent team adjustments aim to optimize its organizational structure to support sustained growth—not, as some external reports suggest, to address personnel instability.
Earlier, Bloomberg reported that RedotPay, while exploring a potential funding round of up to $150 million, had seen at least five senior employees depart within one year—including two compliance heads. RedotPay did not directly address these reports but confirmed that all co-founders, including CEO Michael Gao, remain in their roles.
Regarding fundraising, RedotPay stated that it currently enjoys ample operating cash flow and faces no urgent need for financing, though it remains open to external investors. In 2025, the company completed three funding rounds, raising a total of $194 million. Investors include Lightspeed, Coinbase Ventures, Pantera Capital, Blockchain Capital, and Circle Ventures.
