The post Dtcpay raises $25 million for stablecoin payments appeared on BitcoinEthereumNews.com.
Dtcpay, a Singapore payments company, has completed a $25 million Series A with SBI Group joining as a strategic investor, giving its stablecoin payments business fresh backing for product and merchant expansion. The company announced the close on Sept. 18, naming SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund as the Japanese group’s investment vehicles. Genedant Capital and existing investor Kwee Liong Tek also participated. Vertex Ventures Southeast Asia & India led the initial tranche. The funding will support a revamped business portal for enterprise customers, additional consumer features in the dtcpay app and expansion of its merchant network, the company said. Those priorities put the financing behind the tools businesses and customers use to transact, as dtcpay seeks to widen the use of stablecoins in everyday commerce. The $25 million figure is the total Series A, rather than the size of SBI’s investment alone. Dtcpay did not disclose its valuation or the amounts contributed by individual investors. Related Reading Why Circle is spending $400M to fix the last mile holding stablecoins back from real-world payouts In the announcement, SBI Ven Capital CEO Eiichiro So described the investment as the start of a strategic partnership. He linked it to SBI’s ambition to expand digital-asset origination between Japan and Southeast Asia through regulated financial infrastructure. The investment connects SBI’s regional ambitions with dtcpay’s existing payment business. Dtcpay’s stated priorities include deeper financial-institution relationships and further product development, alongside merchant expansion. SBI’s participation adds a strategic investor to that effort, although the announcement does not allocate individual funding amounts to those objectives. The cross-border ambitions remain plans for the partnership; the announcement did not include a date for a dtcpay launch in Japan. Dtcpay founder and CEO Alice Liu framed the financing around changing how money moves across borders.…