Singapore payment company dtcpay completed a $25 million Series A funding round, initially led by Vertex Ventures Southeast Asia & India in April and now further anchored by Japanese financial conglomerate SBI Group.
The round also drew participation from Genedant Capital and existing investor Kwee Liong Tek. The investment underscores institutional confidence in dtcpay’s aim to make stablecoins as accessible as traditional financial services, the company said Friday.
"We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders," said Alice Liu, founder and CEO of dtcpay.
Vertex Ventures Southeast Asia & India, part of Vertex Holdings—a wholly owned subsidiary of Temasek Holdings—led the initial tranche. The firm brings experience scaling technology companies.
SBI Group operates across banking, securities, insurance, asset management and digital assets, adding further diversification to the investor syndicate. Singapore-based Genedant Capital is licensed by the Monetary Authority of Singapore and manages over $2 billion in assets under management and advisory.
dtcpay, which holds a license from Singapore’s monetary authority, has been active in the stablecoin payments space since at least 2023, when it launched a system enabling fiat and cryptocurrency transactions for in-store and online purchases. By 2024, it had phased out support for cryptocurrencies such as Bitcoin in favor of stablecoin-only transactions. Its Visa card currently allows spending across both fiat and stablecoins at more than 150 million merchant locations worldwide.
The company also holds an Electronic Money Institution license in Luxembourg, granting it authorization to deliver regulated payment services across the European Economic Area. It maintains licenses and registrations in Hong Kong, Australia, the United States and Canada.
Liu's statement about using the proceeds to transform cross-border money movement signals the company intends to scale its operations and expand its regulated footprint beyond existing markets. The diverse investor base—including a Temasek-linked venture fund and a major Japanese financial conglomerate—provides both capital and expertise as dtcpay pursues that expansion.
