dtcpay Raises $25 Million in Series A to Expand Stablecoin Payments

The company builds payment infrastructure that allows businesses and individuals to accept, store and transact using stablecoins. The funding will support product development and expansion of its merchant network.

SBI Group invested through SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund. Genedant Capital and existing backer Kwee Liong Tek also participated in the round.

What is dtcpay?

dtcpay is a Singapore-based payments company focused on stablecoin and fiat transactions. Its platform allows businesses and consumers to manage and use digital currencies for payments.

The company operates a real-time swap engine that supports transactions between stablecoins and fiat currencies. It also offers payment solutions for merchants and businesses looking to accept stablecoin payments.

Funding Details

dtcpay raised $25 million in its Series A round, with SBI Group leading the investment. SBI Group is a Japanese financial services group with interests in digital assets and blockchain infrastructure.

The round also included Genedant Capital and existing investor Kwee Liong Tek. The company has not disclosed its post-money valuation or the percentage stake acquired by SBI Group.

How Will dtcpay Use the Funding?

The fresh capital will be used to expand dtcpay's product suite and merchant network through 2026.

The company plans to introduce a revamped business portal for enterprise customers and add new features to its consumer app. The funding will also support the company's efforts to expand its stablecoin payment infrastructure.

Who founded dtcpay

dtcpay was founded by Alice Liu and Band Zhao and is headquartered in Singapore. The company operates as a regulated payments provider, holding a Major Payment Institution licence from the Monetary Authority of Singapore and an Electronic Money Institution licence in Luxembourg.

The company has developed several products around stablecoin payments. Its point-of-sale solution allows merchants to accept stablecoins, while its integration with WalletConnect supports more than 700 wallets.

dtcpay has also partnered with Visa on a stablecoin-to-fiat card that can be used at more than 150 million merchant locations. In Singapore, Metro became the first department store to accept stablecoin payments through dtcpay.

Market and Business Growth

dtcpay is building its business around the use of stablecoins for payments and settlement. Its platform connects digital assets with traditional fiat currencies, giving businesses another way to manage payments.

The company is also expanding its merchant focused products as stablecoin payments develop across Asia and other markets.

What Happens Next?

dtcpay plans to continue developing its product suite and growing its merchant network through 2026. Its next steps include the revamped business portal for enterprise customers and additional consumer features in its app.

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