Dtcpay, a Singapore-based payments company, has completed a $25 million Series A funding round with SBI Group participating as a strategic investor. The funding aims to support the company's stablecoin payments business through product development and merchant expansion.
SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund led SBI Group's investment. Genedant Capital and existing investor Kwee Liong Tek also participated in the round, which was led by Vertex Ventures Southeast Asia & India.
Use of Proceeds
The capital will fund several initiatives, including a revamped business portal for enterprise customers, additional consumer features in the dtcpay app, and expansion of the company's merchant network. These priorities reflect dtcpay's focus on building the infrastructure for businesses and consumers to transact using stablecoins.
According to Dtcpay, its platform enables businesses and individuals to accept, store, and transact in stablecoins. The company operates a Visa card offering access to more than 150 million merchant locations worldwide and has integrated with WalletConnect. Dtcpay lists Metro Singapore and Capella Singapore among its merchant relationships.
Strategic Partnership and Regulatory Positioning
SBI Ven Capital CEO Eiichiro So described the investment as the beginning of a strategic partnership aimed at expanding digital-asset origination between Japan and Southeast Asia through regulated financial infrastructure.
Dtcpay holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg. The company's founders identified stronger infrastructure, deeper financial-institution partnerships, and entry into additional regulated markets as priorities for growth.
The investment connects SBI's regional ambitions with Dtcpay's existing payment business, though the announcement did not specify a timeline for potential expansion into Japan.
