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Singapore-based dtcpay raises $16.5m in pre-Series A funding round

As featured on Deal Street Asia, 21 June 2023

21 Jun 2023 < 1 mins Read

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As featured on Deal Street Asia, 21 June 2023


Singapore-based dtcpay raises $16.5m in pre-Series A funding round

Singapore-based dtcpay raises $16.5m in pre-Series A funding round

 

Read the full article here:

https://www.dealstreetasia.com/stories/dtcpay-funding-349078

 

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Digital Payments Startup dtcpay Closes $16.5 Million Pre-A Financing Round

As featured on TokenInsight, 21 June 2023

< 1 mins Read

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As featured on TokenInsight, 21 June 2023


Digital Payments Startup dtcpay Closes $16.5 Million Pre-A Financing Round

Singapore-based digital payments startup dtcpay (formerly Digital Treasures Center) has closed a $16.5 million Series A round led by Kwee Liong Tek, Chairman of Pontiac Land, with participation from David Tung, former Managing Director and Partner of Carlyle Group, Jean-Marc Poullet, Chairman of Burgess Asia, and Tham Sai Choy, former Chairman of KPMG Singapore and Asia Pacific. This round of financing will be used for product development, strengthening operations and infrastructure capability, and expanding its global presence.

 

Founded in 2019, dtcpay offers services including account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, e-money issuance and digital payment token services. It offers payment processing for users transacting across fiat and digital currencies.

 

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新加坡加密支付提供商dtcpay完成1650万美元融资

As featured on 币有, 21 June 2023

< 1 mins Read

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As featured on 币有, 21 June 2023


新加坡加密支付提供商dtcpay完成1650万美元融资

6月21日消息,新加坡加密支付提供商dtcpay(原Digital Treasures Center)完成1650万美元融资,新加坡邦典置地(Pontiac Land)董事长Kwee Liong Tek领投,凯雷投资集团(Carlyle Group)前董事总经理兼合伙人David Tung、Burgess亚洲主席Jean-Marc Poullet以及前毕马威新加坡及亚太区主席Tham Sai Choy参投。新资金将用于产品开发,加强其运营和基础设施能力,并扩大其全球影响力。 此前3月份消息,新加坡金管局批准Digital Treasures Center提供加密货币服务;4月消息,Digital Treasures Center更名为dtcpay。

 

 

Media Feature

加密货币支付提供商dtcpay完成1650万美元融资,Kwee Liong Tek领投

As featured on 腾讯网, 21 June 2023

< 1 mins Read

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As featured on 腾讯网, 21 June 2023


加密货币支付提供商dtcpay完成1650万美元融资,Kwee Liong Tek领投

BlockBeats 消息,6 月 21 日,据 businesstimes 报道,新加坡数字支付平台 dtcpay 宣布完成 1650 万美元 Pre-A 轮融资,本轮融资由 Pontiac Land Group 主席 Kwee Liong Tek 领投,凯雷集团前董事总经理/合伙人 David Tung、BURGESS 亚洲区主席 Jean Marc Poullet 和麦肯锡公司前高级合伙人 Tham Sai Choy、前 KPMG 新加坡和亚太区主席参投。本轮融资资金将进一步投资于产品开发,建立更强大的运营/基础设施能力,并扩大 dtcpay 的全球影响力。

 

 

Media Feature

加密货币支付提供商dtcpay完成1650万美元融资,Kwee Liong Tek领投

As featured on BlockBeats, 21 June 2023

< 1 mins Read

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As featured on BlockBeats, 21 June 2023


加密货币支付提供商dtcpay完成1650万美元融资,Kwee Liong Tek领投

BlockBeats 消息,6 月 21 日,据 businesstimes 报道,新加坡数字支付平台 dtcpay 宣布完成 1650 万美元 Pre-A 轮融资,本轮融资由 Pontiac Land Group 主席 Kwee Liong Tek 领投,凯雷集团前董事总经理/合伙人 David Tung、BURGESS 亚洲区主席 Jean Marc Poullet 和麦肯锡公司前高级合伙人 Tham Sai Choy、前 KPMG 新加坡和亚太区主席参投。本轮融资资金将进一步投资于产品开发,建立更强大的运营/基础设施能力,并扩大 dtcpay 的全球影响力。

 

 

Media Feature

SINGAPORE’S DTCPAY RAISES $16.5M IN PRE-SERIES A FUNDING ROUND LED BY KWEE LIONG TEK

As featured on TNGlobal, 21 June 2023

2 mins Read

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As featured on TNGlobal, 21 June 2023


SINGAPORE’S DTCPAY RAISES $16.5M IN PRE-SERIES A FUNDING ROUND LED BY KWEE LIONG TEK

Dtcpay, a Singapore-based digital payments platform, on Wednesday announced it has raised $16.5 million in a pre-Series A funding round.

 

Dtcpay said in a statement that Singapore’s conglomerate family business owners and Pontiac Land Group Chairman Kwee Liong Tek led this round.

 

The other investors in this funding round include David Tung, former Managing Director/ Partner of The Carlyle Group, Jean Marc Poullet Chairman Asia, BURGESS and ex Senior Partner, McKinsey & Co, Tham Sai Choy former KPMG Singapore and Asia Pacific Chairman.

 

The funding will further invest in product development, building more robust operations / infrastructure capabilities, and expanding dtcpay’s global presence, according to dtcpay.

 

It is noted that in 2023, the company rebranded and appointed Kanny Lee as its Chief Executive Officer to focus on market expansion goals that tap into areas such as cross-border payments and to serve nascent web3 businesses.

 

“It’s not often you see a generational shift into a global digital economy where businesses increasingly interact with their customers online or offline with use of digital currencies.” said Lee.

 

“At dtcpay, we are excited about the prospect of working with globally renowned hospitality brands to open the door to their customers for digital payments,

 

“With the support of Kwee and our other investors, we are well positioned to quickly access overseas markets with reputable partners providing us strong governance,” he added.

 

Dtcpay is a payment service provider that offers reliable payment processing while transacting across both fiat and digital currencies.

 

The firm was founded in 2019 by Alice Liu and her classmate who met while studying at the National University of Singapore.

 

As a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS), dtcpay has become a partner for businesses entering the digital economy.

 

Dtcpay provides seamless conversion of fiat and digital currencies in a single platform by a regulated trusted provider.

 

This enables merchant businesses to grow their customer base by accepting more payment types with a quick and easy settlement process.

 

Consumers have gravitated towards the simplicity of QR code payments, enabling more choices for their preferred payment method to be used.

 

Dtcpay’s vision is to streamline the payment experience making it easy for consumers to interact with digital currencies bridging the gap between traditional businesses to web3.

 

“Dtcpay has demonstrated remarkable growth prospects and aligns with our investment strategy,” said John Tay who represented Kwee’s investment vehicle.

 

“From the moment we met with the dtcpay team, we saw their commitment to the regulated financial markets as fully licensed payments provider that could integrate well with our international portfolio of leading hospitality brands bringing them into the web3 economy,” he added.

 

Pontiac Land is a luxury real estate developer, owner and operator of properties including Capella Hotel Group and Millenia Singapore which includes the Ritz-Carlton and Conrad Hotels in Singapore.

 

The group’s assets under management is in excess of SGD 10 billion ($7.44 billion) across hospitality, mixed-used, commercial and residential developments spanning across Singapore, New York, Sydney and the Maldives.

 

 

Link to article: https://technode.global/2023/06/21/singapores-dtcpay-raises-16-5m-in-pre-series-a-funding-round-led-by-kwee-liong-tek/

Media Feature

dtcpay Raises US$16.5M Pre-series A to Expand Global Presence

As featured on Fintech Singapore, 21 June 2023

< 1 mins Read

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As featured on Fintech Singapore, 21 June 2023


dtcpay Raises US$16.5M Pre-series A to Expand Global Presence

dtcpay, a Singapore-based digital payments platform, has raised US$16.5 million in a pre-Series A funding round led by the Chairman of Pontiac Land Group Kwee Liong Tek.

 

 

The firm said that the funding will be used to further invest in product development, building more robust operations and infrastructure capabilities as well as expanding dtcpay’s global presence.

 

 

dtcpay is a licensed Major Payment Institution (MPI) formerly known as Digital Treasures Center. The company had appointed Kanny Lee as Group CEO with market expansion goals that tap into areas such as cross-border payments and to serve nascent Web 3.0 businesses.

 

 

It provides seamless conversion of fiat and digital currencies in a single platform to enable merchant businesses to accept more payment types with a quick and easy settlement process.

 

 

“At dtcpay, we are excited about the prospect of working with globally renowned hospitality brands to open the door to their customers for digital payments. With the support of Mr. Kwee and our other investors, we are well positioned to quickly access overseas markets with reputable partners providing us strong governance.”

said Kanny Lee, Group CEO of dtcpay

 

 

 

 

Link to article: https://fintechnews.sg/75368/crypto/dtcpay-raises-us16-5m-pre-series-a-to-expand-global-presence/

Media Feature

Dtcpay raises $16.5m in pre-series A for global expansion

As featured in TECHNINASIA, 21 June 2023

< 1 mins Read

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As featured in TECHNINASIA, 21 June 2023


Dtcpay raises $16.5m in pre-series A for global expansion

Singapore-based digital payments platform Dtcpay has secured US$16.5 million in its pre-series A funding round led by Kwee Liong Tek, the chairman of Pontiac Land Group. The funds will be used to enhance product development, bolster operations and infrastructure, and expand Dtcpay’s global presence.

 

🎩 Source: Fintech News Singapore

Media Feature

新加坡加密支付提供商dtcpay完成1650萬美元融資

As featured on Anue鉅亨, 21 June 2023

< 1 mins Read

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As featured on Anue鉅亨, 21 June 2023


新加坡加密支付提供商dtcpay完成1650萬美元融資

6月21日消息,新加坡加密支付提供商dtcpay(原Digital Treasures Center)完成1650萬美元融資,新加坡邦典置地(Pontiac Land)董事長Kwee Liong Tek領投,凱雷投資集團(Carlyle Group)前董事總經理兼合夥人David Tung、Burgess亞洲主席Jean-Marc Poullet以及前畢馬威新加坡及亞太區主席Tham Sai Choy參投。新資金將用於產品開發,加強其營運和基礎設施能力,並擴大其全球影響力。 此前3月份消息,新加坡金管局批准Digital Treasures Center提供加密貨幣服務;4月消息,Digital Treasures Center更名為dtcpay。

 

 

 

Link to article:

https://news.cnyes.com/news/id/5224042

Media Feature

加密货币支付提供商 dtcpay 完成 1650 万美元融资

As featured on Foresight News, 21 June 2023

< 1 mins Read

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As featured on Foresight News, 21 June 2023


加密货币支付提供商 dtcpay 完成 1650 万美元融资

Foresight News 消息,据 Business Times 报道,新加坡加密货币支付提供商 dtcpay(原 Digital Treasures Center)完成 1650 万美元 Pre-A 轮融资,Pontiac Land 董事长 Kwee Liong Tek 领投,参投方包括 Carlyle Group 前董事总经理兼合伙人 David Tung、Burgess 亚洲主席 Jean-Marc Poullet 以及毕马威前新加坡及亚太区主席 Tham Sai Choy。本轮融资将用于产品开发,加强运营能力、扩大其全球影响力等。

 

Foresight News 此前报道,Digital Treasures Center 于今年 3 月宣布获得新加坡金融管理局(MAS)运营数字支付代币服务的许可,公司将能够提供开户、商户获取、国内汇款、跨境汇款、电子货币发行以及数字支付代币服务。