Executive Summary
- •Singapore stablecoin payments firm dtcpay secured a $25M Series A to scale its enterprise portal and merchant network.
- •The round brings Japan's SBI Group on as a strategic investor, following a $16.5M raise in 2023.
- •The firm is partnering with Visa to issue a stablecoin-to-fiat card to bridge digital assets with traditional finance.
Community Sentiment
Key Developments & Data
Singapore-based stablecoin payments firm dtcpay closed a $25M Series A funding round with strategic investment from Japan's SBI Group.
The fresh capital injection follows a previous $16.5M pre-Series A round that the startup announced in June 2023.
Vertex Ventures Southeast Asia & India led the initial tranche of the round, alongside Genedant Capital and prominent Singaporean businessman Kwee Liong Tek.
The company operates a digital payment token point-of-sale service that allows merchants to accept stablecoins directly in-store.
dtcpay also partnered with Visa to introduce a stablecoin-to-fiat Visa Infinite card for its customers in Singapore to bridge digital assets with traditional finance.
"We did not raise this round to sustain what we have built. We raised it to fundamentally change how money moves across borders." — Alice Liu
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Zubiqo Strategic Assessment
Primary Impact
Southeast Asian merchant networks and B2B cross-border payment rails, specifically in Singapore and Japan.
Strategic Shift
Traditional Asian institutional capital (SBI Group) is directly underwriting stablecoin infrastructure to bypass the multi-day settlement cycles and intermediary fees of legacy SWIFT networks.
The Ripple Effect
Expect accelerated integration of stablecoin POS systems among Singaporean retailers as legacy players like Visa legitimize the fiat-conversion rails.
This intelligence assessment is generated by Zubiqo's AI for informational purposes only.
