Hong Kong Stablecoin Payment Company RedotPay Responds to Executive Departure Rumors, Claims Team Integration is for Efficiency Optimization, Denies Funding Urgency

DeepFlowTech · 2026-03-18T11:52:36+00:00

RedotPay responded to rumors of executive departures and financing, stating that adjustments aim to optimize the organization to support growth. Despite multiple executive departures, the company has ample cash flow with no urgent financing needs, while remaining open to investment. All co-founders remain in their positions.

DeepFlowTech

2026-03-18 11:52:36

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Deep Tide TechFlow News, March 18 — According to Cointelegraph, Hong Kong stablecoin payment company RedotPay responded to recent rumors of executive departures and fundraising. The company stated it is in the transition from early startup to unicorn status, with team adjustments aimed at optimizing organizational structure to support ongoing growth, rather than the personnel turmoil suggested by outside sources.

Previously, Bloomberg reported that during RedotPay’s exploration of up to $150 million in funding, at least five senior employees left within a year, including two compliance officers. RedotPay did not directly respond to this but confirmed that all co-founders, including CEO Michael Gao, remain in their roles.

Regarding fundraising, RedotPay said it currently has sufficient operating cash flow and has no urgent funding needs but remains open to external investors. The company completed three funding rounds by 2025, raising a total of $194 million, with investors including Lightspeed, Coinbase Ventures, Pantera Capital, Blockchain Capital, and Circle Ventures.

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