Dtcpay welcomes SBI Group as strategic investor extending Series A to $25M
Singapore-based payments company completes Series A funding round with Japanese investor SBI Group.
<DTCPay announces $25M Series A funding round including Japanese investor SBI Group>
Singapore-based payments company dtcpay has announced the completion of its $25 million Series A funding round, further bolstered by a strategic investment from Japanese financial conglomerate SBI Group. Led by Vertex Ventures Southeast Asia & India, the investment round also saw participation from Genedant Capital and existing investor Kwee Liong Tek.
Company founder and CEO Alice Liu stated that the round was not aimed at sustaining their existing operations, but rather at fundamentally transforming the way money moves across borders. The investment will bring together a diverse group of investors that can contribute both expertise and funds to support dtcpay's growth.
dtcpay has already made significant strides in the stablecoin payments space, including launching a Visa card that enables spending across both fiat and stablecoins at over 150 million merchant locations worldwide. In 2024, the company phased out support for cryptocurrencies like Bitcoin in favor of stablecoin-only transactions.
With a diverse group of investors that includes Vertex Ventures Southeast Asia & India, Genedant Capital, and Kwee Liong Tek, dtcpay is well-positioned to leverage their expertise and resources to drive the company's growth. The completion of the Series A funding round brings together a wide range of investors that can contribute both funds and know-how to help dtcpay expand its operations across regulated payment services in multiple jurisdictions.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
