Singapore’s dtcpay Secures $25 Million Series A Funding, Anchored by SBI Group, to Revolutionize Cross-Border Payments with Stablecoins

Singapore-based payment company dtcpay has successfully closed its $25 million Series A funding round, a significant financial milestone that underscores institutional confidence in its ambitious vision to make stablecoin transactions as accessible and seamless as traditional financial services. The funding round, initially led by Vertex Ventures Southeast Asia & India in April, has now been further solidified and expanded with the strategic investment from the prominent Japanese financial conglomerate, SBI Group. The successful completion of this funding round was announced on Friday, signaling a pivotal moment for dtcpay as it aims to fundamentally alter the landscape of international money movement.

The Series A round saw robust participation from a distinguished group of investors, including Genedant Capital and existing investor Kwee Liong Tek, who have reaffirmed their belief in dtcpay’s trajectory. This diversified investor base brings not only substantial capital but also invaluable expertise, strategically positioning dtcpay for accelerated growth and market expansion.

Alice Liu, the founder and CEO of dtcpay, articulated the company’s core objective behind this fundraising initiative. "We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders," Liu stated, emphasizing that the capital infusion is geared towards transformative innovation rather than maintaining the status quo. This forward-looking perspective highlights dtcpay’s commitment to pioneering new pathways in global finance.

Dtcpay has been at the forefront of the stablecoin payments sector, making significant early advancements. The company’s innovative dtcpay Visa card is a testament to this progress, enabling users to conduct transactions using both traditional fiat currencies and stablecoins. This functionality is now available across a vast network of over 150 million merchant locations worldwide, effectively bridging the gap between digital assets and everyday commerce.

A Comprehensive Payment System for In-Store and Online Transactions

Cointelegraph has previously reported on dtcpay’s strategic developments in the cryptocurrency payments arena. In 2023, the publication covered dtcpay’s launch of a payment system designed to facilitate both in-store and online transactions utilizing fiat and cryptocurrencies. Building on this foundation, a subsequent report in 2024 highlighted dtcpay’s deliberate shift towards a stablecoin-only transaction model, phasing out support for volatile cryptocurrencies like Bitcoin. This strategic pivot underscores dtcpay’s focus on stability and predictability in its payment solutions, making it a more attractive option for both businesses and consumers seeking reliable digital transactions.

The culmination of the Series A funding round brings together a consortium of investors with diverse and complementary strengths, poised to significantly contribute to dtcpay’s strategic objectives. Vertex Ventures Southeast Asia & India, a key player in the funding, is part of Vertex Holdings, a wholly owned subsidiary of Temasek Holdings, a globally recognized investment company. Vertex Ventures brings a wealth of experience in scaling technology companies, a critical asset for dtcpay as it navigates its growth phase.

The participation of SBI Group, a multifaceted Japanese financial conglomerate, is particularly noteworthy. SBI Group’s extensive operations span across banking, securities, insurance, asset management, and digital assets, providing dtcpay with deep insights and potential synergies within the global financial ecosystem, especially in the burgeoning digital asset space.

Genedant Capital, a Singapore-based fund management firm, further strengthens the investor group. Licensed by the Monetary Authority of Singapore (MAS) and managing over $2 billion in assets, Genedant Capital offers a strong regional presence and financial acumen. The inclusion of existing investor Kwee Liong Tek signifies continued support and confidence from early backers.

Regulatory Compliance and Global Reach

Dtcpay’s commitment to operating within established regulatory frameworks is a cornerstone of its strategy. The company is licensed by the Monetary Authority of Singapore (MAS), a rigorous regulatory body. Furthermore, it holds an Electronic Money Institution (EMI) license in Luxembourg, a jurisdiction known for its robust fintech regulatory environment. This dual licensing allows dtcpay to offer regulated payment services across the European Economic Area (EEA).

Beyond its Singapore and European footholds, dtcpay has strategically secured licenses and registrations in other key global markets, including Hong Kong, Australia, the United States, and Canada. This expansive regulatory compliance demonstrates dtcpay’s dedication to building a secure, trustworthy, and globally accessible payment infrastructure. It also positions the company to navigate the complex and evolving regulatory landscape of digital assets and cross-border payments with greater agility.

The company’s strategic focus on stablecoins as the primary vehicle for international payments addresses a critical need in the current global financial system. Stablecoins, pegged to stable assets like the US dollar, offer the potential for fast, low-cost, and transparent transactions, overcoming many of the limitations inherent in traditional correspondent banking systems. By integrating stablecoins with existing payment rails, such as the dtcpay Visa card, the company aims to unlock new efficiencies and create a more inclusive financial ecosystem.

The successful funding round, bolstered by strategic investors like SBI Group, signals a strong market validation for dtcpay’s business model and its potential to disrupt traditional cross-border payment flows. The company’s ability to secure significant investment from reputable financial institutions highlights the growing acceptance and integration of digital assets, particularly stablecoins, into mainstream financial services.

As dtcpay continues to expand its operations and enhance its product offerings, its focus on regulatory compliance and user accessibility will be crucial in building trust and driving widespread adoption. The company’s vision, as articulated by CEO Alice Liu, to fundamentally change how money moves across borders, is now significantly closer to realization, empowered by this substantial Series A funding and the strategic backing of its diverse investor base. The integration of stablecoins into a widely accepted payment card, coupled with a robust regulatory framework, positions dtcpay as a key innovator in the future of global commerce and finance.