Singapore-based payments firm dtcpay has completed a US$25 million Series A funding round, the company announced on September 18, 2026. The round was led by Vertex Ventures Southeast Asia and India and later anchored by SBI Group of Japan. Genedant Capital and existing investor Mr. Kwee Liong Tek also participated in the funding.
Stablecoin Payment Infrastructure
dtcpay was founded by Alice Liu and Band Zhao to build infrastructure that enables businesses and individuals to accept, store, and transact in stablecoins. Its real-time swap engine allows settlement across stablecoin and fiat currencies, removing operational friction that has slowed mainstream adoption. The platform offers an alternative to cross-border transfers that often depend on multi-day settlement cycles and layered intermediary fees.
dtcpay has delivered several early stablecoin payment solutions in Asia. It launched a point-of-sale acceptance product for merchants and integrated with WalletConnect to reach over 700 consumer wallets globally. The company also partnered with Visa to introduce a stablecoin-to-fiat Visa Infinite card accepted at more than 150 million merchant locations.
In commercial partnerships, dtcpay worked with BNB Chain to accelerate practical stablecoin adoption across the region. It also enabled Metro to become the first department store in Singapore to accept stablecoin payments, alongside selected hospitality partners such as Capella Singapore. These deployments reflect a focused effort to move stablecoins into everyday commerce and real-world spending.
Investor Support and Strategic Capital
The completed Series A brings together a group of investors with backgrounds in traditional finance and fintech infrastructure. Vertex Ventures Southeast Asia and India led the initial tranche and brings regional expertise in scaling technology companies. SBI Group, one of Japan's largest financial services groups, invested through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund.
Genedant Capital, a Singapore-based fund manager regulated by the Monetary Authority of Singapore, oversees more than US$2 billion in assets under management and advisory. It contributes a network of family offices, private wealth investors, and institutional relationships across Asia. Existing investor Mr. Kwee Liong Tek also increased his commitment, reflecting sustained confidence in the company's regulated payments vision.
Regulation and Industry Recognition
dtcpay operates with a Major Payment Institution license from the Monetary Authority of Singapore and holds an Electronic Money Institution license in Luxembourg. The company is among a small group of digital payment firms with this dual regulatory standing, supporting operations in Singapore, Europe, and other markets. This foundation gives institutional clients assurance that they are transacting within a licensed financial environment.
The company has received recognition for its execution and regulatory leadership in the fintech sector. It won Disruptor of the Year and Fintech of the Year at the 2025 Asia Fintech Awards, while Alice Liu received Fintech Mentor of the Year at the SFF FinTech Excellence Awards in 2025. These achievements highlight dtcpay's ability to combine innovation, regulation, and commercial adoption.
Growth Plans
The new capital will support product development and merchant expansion through the second half of 2026. Planned investments include a revamped business portal for enterprise clients and a series of new features in the dtcpay consumer application. The company also intends to extend its lead in stablecoin payments while entering additional regulated markets.
Leadership indicated that the funding is intended to scale the company's infrastructure and deepen partnerships with global financial institutions. Alice Liu, Founder and Chief Executive Officer, said the round validates compliant, real-world stablecoin payments as infrastructure being built today. Group Chairman Band Zhao added that the next phase will focus on making stablecoin payments as seamless and trusted as traditional payment rails.
With US$25 million in fresh capital and investor backing from Asia and Japan, dtcpay is positioned to accelerate its regulated stablecoin payments expansion. The participation of Vertex Ventures, SBI Group, Genedant Capital, and Mr. Kwee Liong Tek highlights institutional confidence in its licensing-led approach. As digital payment infrastructure matures, dtcpay aims to make stablecoin transactions faster, more accessible, and compliant.