Singapore-based digital payments company dtcpay announced a $10 million Series A investment led by Vertex Ventures Southeast Asia & India. The company operates a licensed payment network that allows businesses to accept, store and transact in stablecoins.
“Our mission is to deliver a platform where faster, safer and more cost-efficient transactions are the standard, not the exception,” Alice Liu, dtcpay co-founder and CEO, said in a statement. “By prioritizing compliance and regulatory rigor alongside a user-centric experience, we have built a foundational infrastructure ready for global scale. This capital will accelerate our product adoption and facilitate our entry into high-growth markets.”
Its latest raise comes at a notable milestone, as the company has secured an electronic money institution licence in Luxembourg, enabling it to serve the European Economic Area. This builds upon dtcpay’s global payments network, which already serves Singapore, Hong Kong, Australia, the U.S. and Canada.
The money allows dtcpay to enhance its product suite, strengthen its platform infrastructure and expand its operational presence, with a particular focus on its entry into the European market.
