Dtcpay closes $25M Series A with SBI Group as strategic investor
In brief
- Dtcpay raised $25 million in Series A funding led by Vertex Ventures Southeast Asia & India
- SBI Group joined as strategic investor alongside Genedant Capital and existing backer Kwee Liong Tek
- Platform operates Visa card supporting fiat and stablecoin transactions at 150 million merchant locations
Expanding into cross-border payments
Alice Liu, founder and CEO, framed the capital raise as a step toward reshaping global money flows. "We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders," she said in a statement.
The dtcpay Visa card enables spending across both fiat and stablecoins at more than 150 million merchant locations worldwide. In 2024, the company phased out support for cryptocurrencies like Bitcoin in favor of stablecoin-only transactions, narrowing its focus to regulated digital assets.
Backing from established financial players
Vertex Ventures Southeast Asia & India, part of Vertex Holdings, a wholly owned subsidiary of Temasek Holdings, led the round. SBI Group operates across banking, securities, insurance, asset management and digital assets, bringing institutional credibility to the payments space.
Genedant Capital, a Singapore-based fund management firm licensed by the Monetary Authority of Singapore, holds over $2 billion in assets under management and advisory. The firm's participation signals confidence in dtcpay's regulatory posture and growth trajectory.
Regulatory reach
Dtcpay holds licenses and registrations across multiple jurisdictions. Beyond its Singapore foundation, the company holds an Electronic Money Institution license in Luxembourg and is authorized to deliver regulated payment services across the European Economic Area, with additional licenses in Hong Kong, Australia, the United States and Canada. That footprint positions the company to scale cross-border payment flows across major markets.
