dtcpay is a digital payment service provider based in Singapore that has recently successfully completed a $10 million Series A funding round, led by Vertex Ventures Southeast Asia and India. This funding round also received exclusive financial advisory support from Favour Capital, primarily aimed at advancing the company's infrastructure development, particularly for operations in the European market.
dtcpay's Global Licensing and Infrastructure Strategy
Founded by Alice Liu and Band Zhao, dtcpay focuses on connecting digital assets with traditional currencies to facilitate everyday transactions. The company's platform allows businesses and individuals to accept, store, and trade between stablecoins and fiat currencies, equipped with a real-time exchange engine for instant settlement.
With this funding, dtcpay plans to expand its influence in the stablecoin payment market, especially against the backdrop of increasingly stringent regulatory requirements across various jurisdictions. dtcpay holds a major payment institution license issued by the Monetary Authority of Singapore and is registered in Hong Kong, Australia, the United States, and Canada. These licenses enable dtcpay to provide services across multiple financial environments globally.
European Expansion Supported by Luxembourg License
dtcpay has recently obtained an electronic money institution license in Luxembourg, allowing it to offer regulated payment services throughout the European Economic Area (EEA). This regulatory approval enables the company to serve clients in all EEA countries, directly supporting its European expansion plans related to the Series A funding.
The electronic money license from Luxembourg adds significant credibility to dtcpay's compliance strategy and positions the company well within a large and mature financial corridor. It also complements dtcpay's diversified regulatory portfolio accumulated across multiple regions.
dtcpay aims to promote the use of digital assets in everyday payments and is currently leveraging these regulatory licenses to expand its platform globally. The company plans to utilize the newly acquired capital for product enhancements and operational growth in newly authorized markets.
In the Asia-Pacific region, dtcpay has established an ongoing partnership with Visa to provide Infinite cards and corporate card solutions that support both digital currencies and fiat currencies. These products are designed to offer customers flexible options for everyday spending, featuring competitive conversion rates.
CEO and co-founder Alice Liu described the company's strategic direction, stating that they aim to build “a platform that makes faster, safer, and more cost-effective transactions the global payment standard.” Meanwhile, Genping Liu, General Partner at Vertex Ventures Southeast Asia and India, shared the investor's perspective: “We see tremendous potential at the intersection of digital asset infrastructure and regulated financial systems in real-world stablecoin applications.”