FC Deals | March 2026

Favour Capital advises dtcpay on US$10 million Series A led by Vertex Ventures

SINGAPORE, 17 March 2026 - dtcpay, a regulated digital payments company headquartered in Singapore, today announced it has raised US$10 million in Series A funding led by Vertex Ventures Southeast Asia & India.
Favour Capital served as the exclusive financial advisor in the transaction.

Favour Capital Founding Partner Viewpoint

"dtcpay is redefining the intersection of Web3 and consumer fintech. Their focus on regulation, coupled with strong growth, sets them apart in a crowded market. We are honored to have supported the dtcpay team in this successful capital raise, which marks a significant milestone in their journey to becoming a global payment leader."
Fang Ye, Eric Founding Partner at Favour Capital
The raise comes at a pivotal moment for the stablecoin payments industry. Regulatory frameworks are tightening across major economies, raising the bar for providers that want to serve businesses and consumers at scale. dtcpay has spent years building the infrastructure to meet that standard.
From left to right: Genping Liu (Vertex Ventures), Alice Liu & Band Zhao (dtcpay), Benedict Tan (Vertex Ventures). Photo: Courtesy of dtcpay
Founded by Alice Liu and Band Zhao, dtcpay bridges digital assets with traditional finance, enabling businesses and individuals to accept, store, and transact in stablecoins for everyday use. Its real-time swap engine delivers instant settlement across stablecoin and fiat currencies, enabling seamless real-world transactions.
Alice Liu, CEO & Co-Founder of dtcpay. Band Zhao, Chairman & Co-Founder of dtcpay. Photo: Courtesy of dtcpay
In a market crowded with infrastructure providers, dtcpay is among a select few in APAC to have partnered with Visa, offering Visa Infinite cards to individuals and corporate card solutions to businesses that settle transactions across digital and fiat currencies at competitive spot rates for daily usage.
The round arrives as dtcpay reaches a significant regulatory milestone. dtcpay has secured an Electronic Money Institution licence in Luxembourg, which authorises the company to deliver regulated payment services across the European Economic Area (EEA). Combined with its Major Payment Institution licence from the Monetary Authority of Singapore and additional licences and registrations in Hong Kong, Australia, the United States, and Canada, dtcpay is progressively building a global payment network, positioning the company to serve businesses and individuals at scale, tapping into a market projected to reach billions of dollars.
The investment will support enhancements to dtcpay's product suite, strengthen its underlying infrastructure, and expand its operational presence across its newly licensed jurisdictions, with a focus on accelerating European market entry through its Luxembourg EMI licence. Alice Liu, CEO and Co-Founder of dtcpay, said: "Our mission is to deliver a platform where faster, safer, and more cost-efficient transactions are the standard, not the exception. By prioritising compliance and regulatory rigour alongside a user-centric experience, we have built a foundational infrastructure ready for global scale. This capital will accelerate our product adoption and facilitate our entry into high-growth markets."
Genping Liu, General Partner at Vertex Ventures SEA & India, said: "We see a massive opportunity in the 'real-world use' of stablecoin where utility meets regulated finance. dtcpay has demonstrated an incredible ability to balance cutting-edge technical innovation with a user experience that rivals traditional banking apps. They are uniquely positioned to capture the next wave of mainstream adoption in global digital payments."
About dtcpay dtcpay is a Singapore-headquartered digital payments company building a globally licensed payment network that delivers real-time settlement, competitive pricing, and premium financial services — Tomorrow's Payments, Today. dtcpay is licensed by the Monetary Authority of Singapore and holds an Electronic Money Institution licence in Luxembourg, enabling regulated services across the European Economic Area (EEA). dtcpay also holds licences and registrations in Hong Kong, Australia, the United States, and Canada, bridging digital assets with traditional finance and serving businesses and individuals across its licensed jurisdictions. Website: https://dtcpay.com/ About Vertex Ventures Southeast Asia & India
Vertex Ventures Southeast Asia & India is a leading early-stage venture capital firm focused on partnering with high-growth startups across Southeast Asia and India. With a strong network and strategic expertise, they have invested in successful companies such as Grab, FirstCry, Nium, Licious, Kuku FM, and PatSnap, driving innovation and scaling businesses across various sectors. Website: https://www.vertexventures.sg/ About Favour Capital Favour Capital is a boutique investment bank registered and headquartered in Singapore. We provide capital raising and M&A financial advisory services, assisting industry leaders from emerging Asian markets to expand regionally and globally. Website: https://favour-capital.com/
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