Singapore-based digital payments platform, dtcpay, has raised US$16.5 million ($22.2 million) in a pre-Series A funding round. The platform provides seamless conversions of fiat and digital currencies under a single platform by a regulated trusted provider.

The round was led by Kwee Liong Tek, chairman of luxury real estate developer Pontiac Land Group. The group owns and operates properties that include the Capella Hotel Group and Millenia Singapore, which counts Singapore’s Ritz-Carlton and Conrad hotels under its portfolio.

Read the full article here: The Edge Singapore