dtcpay, a regulated payment service provider, has secured $10.0M in funding from investors. This capital infusion marks a significant milestone for the Singapore-based company, which specializes in offering reliable solutions for merchants to grow revenues with increased acceptance rates across both fiat and stablecoin payments. dtcpay provides frictionless payment experiences through its award-winning POS+ terminal in-store and its online checkout solution.
Founded in 2019, dtcpay operates as a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) and offers Digital Payment Token (DPT) services. The company has expanded its global footprint with subsidiaries in the Americas, Hong Kong, and the Middle East, and recently received a green light letter for an EMI License from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This funding round underscores investor confidence in dtcpay's compliant and innovative approach to digital payments.
The newly raised $10.0M will be strategically deployed to accelerate dtcpay's global expansion initiatives and further enhance its suite of payment solutions. The company plans to invest in technological advancements, expand its market reach, and strengthen its operational capabilities to meet the growing demand for integrated fiat and stablecoin payment processing.
This investment is expected to support dtcpay's mission to empower merchants with increased acceptance rates and provide customers with seamless transaction experiences. The company aims to solidify its position as a leading provider in the evolving digital payment landscape, continuing its trajectory of growth and innovation in secure and compliant payment services.
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