Singapore-based digital payments company DTCpay has successfully closed a $10 million Series A funding round led by Vertex Ventures Southeast Asia & India. The capital raise is strategically timed with the company's significant regulatory expansion into Europe, having secured an Electronic Money Institution (EMI) licence in Luxembourg. This licence grants DTCpay passporting rights to offer regulated payment services across the entire European Economic Area (EEA).
The company's regulatory portfolio now spans six jurisdictions, including its existing Major Payment Institution licence from the Monetary Authority of Singapore (MAS), and additional licences and registrations in Hong Kong, Australia, the United States, and Canada. CEO Alice Liu described this multi-jurisdictional stack as the result of years of effort.
Founded by Liu and co-founder Band Zhao, DTCpay's core service enables businesses and individuals to accept, store, and transact using stablecoins for everyday payments. The platform utilizes a real-time swap engine to handle instant settlement between stablecoins and fiat currencies. A distinctive offering is its partnership with Visa to issue Visa Infinite cards for retail customers and corporate card solutions for businesses, settling transactions across digital and fiat currencies at spot rates.
The fresh $10 million in capital will be directed toward product development, infrastructure improvements, and building operational presence in its newly licensed markets, with European entry being the near-term priority. The funding round, for which Favour Capital served as exclusive financial adviser, underscores intensifying investor interest in regulated stablecoin infrastructure.
Genping Liu, General Partner at Vertex Ventures, highlighted the convergence of utility and regulated finance as the core opportunity, stating that mainstream adoption in global digital payments will depend on providers that combine technical capability with compliance credibility and a consumer-grade user experience. He noted that DTCpay is "uniquely positioned" to capture this wave.
The broader stablecoin payments market is accelerating rapidly, fueled by regulatory clarity in the US, EU, and across Asia. Singapore has emerged as a hub for licensed stablecoin infrastructure firms. With this funding, DTCpay competes in a space that includes companies like MetaComp, which recently raised $35 million backed by Alibaba, and other MAS-licensed payment firms building cross-border settlement rails.
