dtcpay extends Series A to $25 million with SBI Group backing
The Singapore-licensed payments firm says the round will support stablecoin settlement, card products and expansion across regulated markets, but it did not disclose valuation or SBI’s stake.
The financing began with a tranche led by Vertex Ventures Southeast Asia & India in April 2026 and was later expanded with SBI Group, Genedant Capital and existing investor Kwee Liong Tek. dtcpay did not disclose a post-money valuation, the exact amount invested by SBI or the ownership percentages associated with the round.
That distinction matters: a larger round is not a disclosed valuation. The funding confirms that investors committed capital, but it does not establish revenue, transaction volume or profitability.
What dtcpay is building
dtcpay describes itself as a Singapore Major Payment Institution and says its products let businesses and consumers use stablecoins alongside traditional currencies. The company highlights a Visa card that supports multi-currency spending across fiat and stablecoins, as well as account, transfer and merchant-acquiring services. It also points to an Electronic Money Institution authorization in Luxembourg as part of its regulated-market footprint.
The strategy is less about issuing a new token than about connecting existing dollar-based digital assets to payment workflows. A stablecoin can settle on a blockchain, while a regulated payment firm handles onboarding, compliance, conversion, card acceptance and merchant relationships. The difficult operating work sits in those interfaces: screening, refunds, safeguarding, liquidity and the treatment of chargebacks when a token payment is converted into fiat.
SBI’s participation gives dtcpay a financial-services partner with banking, securities, asset-management and digital-asset businesses across Asia. It may help with distribution and market access, but the announcement does not promise a specific product launch, customer integration or geographic rollout.
The proof will be usage, not the headline number
The next evidence will be measurable payment activity. Readers should watch active merchants, settlement volume, repeat users, stablecoin balances, supported jurisdictions and the share of transactions that require conversion into fiat. Those indicators will show whether dtcpay is becoming payment infrastructure or remains a well-funded product in expansion mode.
Regulation is also a constraint. Payment licenses can define which services a company may offer, but they do not remove token volatility, counterparty exposure, sanctions screening or the operational risk of relying on banks and blockchain networks. Expansion into new markets can add compliance cost before it adds revenue.
The Series A extension is therefore a meaningful institutional signal, not a finished adoption story. Capital can fund rails, not usage. This article is reporting and market context, not personalized financial advice.
