dtcpay closes $25M Series A, SBI joins as strategic investor

dtcpay, a Singapore-based digital payments company, closed a $25 million Series A to expand stablecoin and merchant payment infrastructure. Vertex Ventures led the initial financing. Japan’s SBI Group joined later as a strategic investor to complete the round.

Deal Structure and Investors

• Round size: $25 million Series A.
• Lead: Vertex Ventures led the original financing.
• Strategic investor: SBI Group joined subsequently to complete the round.

Company Positioning and Licensing

• Regulatory status: Licensed in Singapore as a Major Payment Institution.
• Business model: Provides merchant-facing infrastructure to move between fiat and digital assets, focusing on payments rather than exchange-based trading.

Stablecoin Use Case

• Rationale: Stablecoins enable quicker cross-border settlement while maintaining dollar-denominated economics.
• Operational approach: dtcpay integrates blockchain settlement into familiar payment workflows without exposing merchants to volatile assets like Bitcoin or Ethereum.

Strategic Value of SBI Group

• SBI footprint: Banking, securities, and digital assets across Asia.
• Expansion leverage: Access to SBI’s network can accelerate regional rollout of merchant payments and cross-border services.

Implications

• Adoption path: Stablecoin usage in payments likely scales through embedded infrastructure led by payment companies.
• User experience: End users may not see blockchain components but may experience faster settlement.

Sources: dtcpay; Primary Source: https://dtcpay.com/news/dtcpay-closes-25m-series-a-sbi-group/