dtcpay raises $25 million in Series A funding with participation from SBI Group

Singapore-based payment service provider dtcpay announced the completion of a $25 million Series A funding round on September 18. The round was led by Vertex Ventures Southeast Asia & India, with participation from SBI Group through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, as well as Genedant Capital and existing investor Guo Lingde. The funds will be used to expand stablecoin payment products, merchant networks, and presence in regulated markets, while upgrading enterprise service portals and consumer application features.