dtcpay closes $25M Series A led by SBI Group
DeFi & Yields ·
Singapore-based stablecoin payments firm dtcpay has raised $25 million in a Series A round with participation from SBI Group.
The financing, reported by The Block, positions dtcpay to broaden its merchant network and expand its product lineup. The company operates in the stablecoin payments space, an area where SBI Group has continued to place capital as institutional interest in digital-asset settlement infrastructure grows.
The round is intended to support dtcpay's enterprise platform in addition to merchant-side expansion, according to accounts of the deal circulating in the same reporting cluster. Multiple accounts describe the same core terms — a $25 million Series A with SBI Group as lead investor — indicating consistent reporting on the round's size and lead backer across four distinct sources tracking the story.
SBI Group's involvement fits a broader pattern of activity the firm has shown across crypto and stablecoin-adjacent ventures, as tracked by leviathan.news. The firm's participation in dtcpay's raise adds to a track record of backing payments and digital-asset infrastructure plays, though the specific rationale SBI gave for this investment has not been detailed in available reporting.
What remains unclear from current reporting is the post-money valuation of dtcpay following the round, the identities of any additional participants in the Series A beyond SBI Group, and the specific timeline for the merchant-network and enterprise-platform expansions the funding is meant to finance. Also unaddressed is whether dtcpay plans further funding rounds or strategic partnerships tied to this capital injection. Further disclosures from dtcpay or SBI Group would clarify these points as the round is finalized and deployed.