Dtcpay Secures $25 Million in Series A Funding with SBI Participation

Singapore-based payment platform Dtcpay has completed a $25 million Series A funding round. The round was led by Vertex Ventures Southeast Asia & India, with strategic investment from SBI Group (SBI Group), along with participation from Genedant Capital and existing shareholder Kwee Liong Tek. CEO Alice Liu stated the funds will be used to transform cross-border capital flows. Dtcpay currently offers a Visa card for fiat and stablecoin spending at over 150 million global merchant locations. The company has shifted its focus exclusively to stablecoin services, discontinuing support for assets like Bitcoin (Bitcoin). Dtcpay holds regulatory licenses from the Monetary Authority of Singapore (MAS) and an electronic money institution license in Luxembourg, with additional operational authorizations in Hong Kong, Australia, the US, and Canada.