dtcpay raises $25M Series A with backing from SBI Group
The Singapore-based stablecoin payments firm says the funding will go toward expanding its product suite and merchant network.
Stablecoin payments company dtcpay has closed a $25 million Series A round that includes an investment from Japan's SBI Group, according to The Block.
The company said the capital will be used to scale its product suite and merchant network, with a revamped business portal aimed at enterprise clients among the planned additions.
What the funding covers
- Expansion of the firm's stablecoin payment products
- Growth of its merchant network
- A redesigned portal for enterprise customers
dtcpay is headquartered in Singapore and operates in the stablecoin payments segment, where firms provide settlement and acceptance infrastructure for merchants handling digital-asset transactions. SBI Group has been an active investor in crypto and blockchain-related businesses through its various arms. Neither the specific ownership terms nor a valuation for the round were disclosed in the source report.