dtcpay, a Singapore-based digital payments provider, has closed a $10 million Series A funding round led by Vertex Ventures Southeast Asia & India. The new investment, which also involved Favour Capital as exclusive financial advisor, will drive the company’s infrastructure development, with a strategic emphasis on expanding operations throughout Europe.
dtcpay’s Global Licensing and Infrastructure Strategy
Founded by Alice Liu and Band Zhao, dtcpay specializes in connecting digital assets and traditional money for everyday transactions. The firm’s platform allows businesses and individuals to accept, store, and transact in both stablecoins and national currencies, with a real-time swap engine for instant settlements.
With this latest capital injection, dtcpay plans to advance its presence in the stablecoin payments market at a time when regulatory requirements are becoming more stringent across major jurisdictions. The company holds a Major Payment Institution license from the Monetary Authority of Singapore and is registered in Hong Kong, Australia, the United States, and Canada. These licenses allow dtcpay to deliver services in multiple financial environments around the world.
European Expansion Backed By Luxembourg License
dtcpay recently obtained an Electronic Money Institution license in Luxembourg, granting permission to offer regulated payment services across the entire European Economic Area (EEA). This regulatory green light enables the company to serve clients in all EEA countries, directly supporting its European expansion plans linked to the Series A funding.
The Luxembourg EMI accreditation adds significant credibility to dtcpay’s compliance strategy and positions the company favorably within a large and established financial corridor. It also complements the diverse regulatory portfolio that dtcpay has accumulated across multiple regions.
dtcpay was established to facilitate the use of digital assets in everyday payments and is now moving to scale its platform globally by leveraging these regulatory licenses. The company has outlined plans to deploy the fresh capital for product enhancement and operational growth in newly licensed markets.
In the Asia-Pacific region, dtcpay has developed an ongoing relationship with Visa, offering Infinite and corporate card solutions that support both digital and fiat currencies. These products are designed to give clients flexible options for everyday spending with competitive conversion rates.
Alice Liu, chief executive and co-founder, described the strategic direction as building “a platform where faster, safer, and more cost-efficient transactions become the standard for global payments.” In parallel, Genping Liu, General Partner at Vertex Ventures Southeast Asia & India, shared the investor perspective:
“We see significant potential in real-world stablecoin use cases where digital asset infrastructure intersects with regulated financial systems.”
As institutional interest in stablecoin payments accelerates, dtcpay’s combination of regulated status, broad licensing, and global partnerships aims to set the company apart for the next phase of growth in cross-border digital finance.
