Singapore-based payment services provider dtcpay has successfully closed a USD 25 million Series A funding round, with Japan’s SBI Group joining as a strategic investor, according to KrASIA. The round also saw participation from investors including Vertex Ventures Southeast Asia & India, SBI Ventures Asset, SBI-NTU-Kyobo Digital Innovation Fund, Genedant Capital, and Kwee Liong Tek.
This investment marks a significant milestone for dtcpay as it seeks to expand its footprint in the competitive Southeast Asian payments market. The involvement of SBI Group highlights growing Japanese interest in regional fintech ventures, particularly those with cross-border payment capabilities.
For Japanese investors and market participants, SBI Group’s strategic backing of dtcpay underscores Japan’s increasing focus on Southeast Asia’s digital financial infrastructure, aligning with broader trends of expanding fintech collaboration between the two regions.