TL;DR
- dtcpay completed a $25 million Series A with investment from SBI Group, joining backers including Vertex Ventures Southeast Asia & India, Genedant Capital and Kwee Liong Tek.
- The Singapore-licensed company plans to expand its enterprise portal, app features and merchant network while scaling stablecoin payment infrastructure across regulated international markets.
- dtcpay offers custody, conversion, point-of-sale stablecoin payments and a Visa-linked card, positioning stablecoins as an alternative for faster cross-border transfers.
dtcpay has completed a $25 million Series A funding round, bringing Japan’s SBI Group onboard as a strategic investor as the Singapore-based payments company prepares for its next stage of expansion. SBI participated through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, joining a round initially anchored by Vertex Ventures Southeast Asia & India. Genedant Capital and existing investor Kwee Liong Tek also participated. The completion follows dtcpay’s $16.5 million pre-Series A round from 2023. The financing places fresh institutional backing behind dtcpay’s effort to connect stablecoins with regulated payment infrastructure across multiple international markets.
SBI Investment Backs dtcpay’s Push Into Enterprise Stablecoin Payments
Founded in 2019, dtcpay provides infrastructure allowing businesses and individuals to accept, store and transact in stablecoins, while also offering digital-asset conversion and custody services. The company holds a Major Payment Institution license from the Monetary Authority of Singapore and has regulatory footprints spanning Europe, Hong Kong, Australia and North America. Its model is built around making stablecoins usable through familiar financial products rather than keeping digital assets isolated from conventional payment systems. That approach includes a Visa-linked card allowing customers in Singapore to convert stablecoins into fiat for spending, through a stablecoin-to-fiat spending product.
The company plans to use the new capital to expand its product suite and merchant network, including a revamped business portal for enterprise clients and additional consumer-facing features within the dtcpay app. Its infrastructure also includes a digital payment token point-of-sale service enabling merchants to accept stablecoin payments directly in stores. The Series A is therefore aimed at scaling both the business-facing and consumer sides of dtcpay’s payments ecosystem across its regulated international payments footprint. The company did not disclose its current valuation, revenue or the exact allocation of proceeds from the $25 million round.
SBI’s participation also adds a strategic dimension to the financing beyond the headline amount. dtcpay positions stablecoins as an alternative to cross-border transfers that can involve multi-day settlement and layered intermediary fees through traditional banking networks. Chairman Band Zhao said the company’s next phase centers on scale, stronger infrastructure, deeper ties with global financial institutions and expansion into additional regulated markets. The investment gives dtcpay another large financial partner as it tries to make stablecoin payments feel as seamless and trusted as established payment rails, while further expanding partnerships and entering additional regulated markets internationally.
