FC Deals | September 2026
Favour Capital Advises dtcpay Onboarding SBI Group as Strategic Investor, Extending Series A to US$25M
SINGAPORE, 18 September 2026 - dtcpay, a Major Payment Institution headquartered in Singapore, announced the completion of its US$25 million Series A funding round. The round was led by Vertex Ventures Southeast Asia & India in April 2026. It is now further anchored by Japan’s leading financial conglomerate, SBI Group. The round also drew participation from Genedant Capital and existing investor, Mr. Kwee Liong Tek, a prominent Singaporean business leader.
The investment reflects institutional confidence in dtcpay’s vision of making stablecoins as seamless and accessible as traditional financial services.
Favour Capital served as the exclusive financial advisor in the transaction.
dtcpay Welcomes SBI Group as Strategic Investor, Extending Series A to US$25M. Photo: Courtesy of dtcpay
Modern Payment Rails for a Digital Economy
Founded by Alice Liu and Band Zhao, dtcpay bridges digital assets with traditional finance through infrastructure that enables businesses and individuals to accept, store, and transact in stablecoins. Its real-time swap engine delivers seamless settlement across stablecoin and fiat currencies, eliminating the operational friction that has slowed mainstream adoption of digital assets. Where traditional cross-border transfers via SWIFT and correspondent banking networks are often slowed by multi-day settlement cycles and layered intermediary fees, dtcpay settles transactions seamlessly, at a fraction of the cost.
This additional fundraise enables dtcpay to maintain its pace of execution, scaling its product suite and merchant network while extending its lead in stablecoin payments. It continues to invest in its product roadmap through the remaining half of 2026, including a revamped business portal for enterprise clients and a series of new consumer-friendly features rolled out within the dtcpay app.
As a MAS-licensed Major Payment Institution in Singapore, and one of the select few digital payment companies to hold an Electronic Money Institution license in Luxembourg, dtcpay has built a regulatory foundation required to operate across Singapore, Europe, and other strategically important markets. This regulatory-first approach also underpins the reliability of dtcpay’s infrastructure, enabling institutional clients to transact with the assurance of a fully licensed financial institution.
Strategic Capital to Fuel Global Expansion
The completion of the Series A brings together a diverse group of investors whose collective expertise spans traditional finance, fintech infrastructure, and global market expansion. Beyond capital, these investors contribute strategic network and domain expertise that will help support the company’s next phase of growth.
Vertex Ventures Southeast Asia & India, part of Vertex Holdings, a wholly owned subsidiary of Temasek Holdings, led the initial tranche of the round. In addition to capital, Vertex brings extensive experience scaling technology companies, providing valuable strategic guidance rooted in deep Southeast Asian market expertise.
SBI Group adds a compelling financial service and fintech pedigree to the shareholder base. As one of Japan’s largest financial services groups, SBI operates across banking, securities, insurance, asset management, and digital assets. It has also been among the most active institutional investors in fintech and digital asset infrastructure globally.
Completing the investor group is Genedant Capital, a Singapore-based fund management firm licensed by the Monetary Authority of Singapore with over USD 2 billion in assets under management and advisory, and existing investor, Mr. Kwee Liong Tek. Genedant Capital brings in a network of family offices, private wealth investors and institutional relationships across Asia, strengthening access to strategic capital as dtcpay scales internationally. Mr. Kwee continues to increase his commitment, reflecting his long-term conviction in the company’s vision of bringing regulated digital payment infrastructure to global markets.