CryptoSlate
Singapore payments company dtcpay completed a $25 million Series A with SBI Group joining as a strategic investor on Sept. 18. The round will fund a revamped enterprise portal, new consumer features in the dtcpay app and expansion of its merchant network. The $25 million is the total round, not SBI's disclosed contribution.
Why it matters
SBI's participation connects dtcpay's stablecoin payments business with a major Japanese financial group seeking to expand digital-asset origination between Japan and Southeast Asia. SBI Ven Capital CEO Eiichiro So described the investment as the start of a strategic partnership, while dtcpay identified stronger financial-institution relationships and entry into additional regulated markets as priorities.
Dtcpay says its infrastructure lets businesses and individuals accept, store and transact in stablecoins, with a swap engine linking stablecoin and fiat settlement. Its products include direct merchant acceptance, card-based spending and a business portal. The company lists Singapore's Metro and Capella Singapore among its commerce relationships and says its card reaches more than 150 million merchant locations through its payment network.
Market impact
The financing puts practical payment infrastructure at the center of dtcpay's expansion rather than assigning capital solely to token issuance or trading. Its Major Payment Institution license from the Monetary Authority of Singapore and Electronic Money Institution license in Luxembourg provide the regulatory base described in the company's earlier financing announcement.
Vertex Ventures Southeast Asia & India led an earlier $10 million Series A financing. The new close adds SBI, Genedant Capital and existing investor Kwee Liong Tek, while leaving individual investment amounts and dtcpay's valuation undisclosed. The next measurable signals are product delivery, merchant growth and progress toward the Japan and wider Southeast Asia ambitions.
Frequently asked questions
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How much did SBI invest in dtcpay?
The $25 million figure covers dtcpay's total Series A. The company did not disclose SBI's individual contribution.
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What will dtcpay use the Series A funding for?
The funding will support a revamped enterprise portal, additional consumer features in the dtcpay app and expansion of dtcpay's merchant network.
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What strategic role does SBI have in the partnership?
SBI joined as a strategic investor and linked the partnership to its ambition to expand digital-asset origination between Japan and Southeast Asia.
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What payment services does dtcpay offer?
Dtcpay says its platform supports accepting, storing and transacting in stablecoins. Its products include direct merchant acceptance, card-based spending and a swap engine connecting stablecoin and fiat settlement.
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Which regulatory licenses does dtcpay hold?
Dtcpay describes its regulatory footprint as including a Major Payment Institution license from Singapore's Monetary Authority and an Electronic Money Institution license in Luxembourg.
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