Singapore – dtcpay, a leading digital payments platform headquartered in Singapore, has successfully raised a substantial amount of US$16.5 million in a pre-Series A funding round. The funding was primarily led by the esteemed Chairman of Pontiac Land Group, Kwee Liong Tek, signaling significant investor confidence in dtcpay’s growth potential.
Accelerating Product Development and Expanding Infrastructure
With this recent capital infusion, dtcpay aims to fuel its ambitious growth plans by directing the funds towards various strategic areas. The primary focus will be on advancing product development efforts, strengthening operational capacities, and expanding the company’s global presence. By enhancing its technology and infrastructure capabilities, dtcpay aims to solidify its position as a prominent player in the digital payments landscape.
dtcpay’s Evolution as a Major Payment Institution
Formerly known as Digital Treasures Center, dtcpay has evolved into a licensed Major Payment Institution (MPI) under the visionary leadership of Kanny Lee, the appointed Group CEO. The company is steadfast in its mission to leverage market expansion opportunities, particularly in the realms of cross-border payments and serving nascent Web 3.0 businesses.
Enabling Seamless Conversion of Fiat and Digital Currencies
At the core of dtcpay’s offering lies its seamless conversion mechanism for fiat and digital currencies. Through its unified platform, the company empowers merchant businesses to accept a wide range of payment types while facilitating quick and hassle-free settlement processes. This functionality enables businesses to cater to diverse customer preferences and enhances their overall payment experience.
Unlocking Digital Payments for Globally Renowned Hospitality Brands
dtcpay’s strategic vision encompasses forging partnerships with globally renowned hospitality brands, a move aimed at spearheading the adoption of digital payments within this industry. By collaborating with reputable partners, dtcpay endeavors to unlock new opportunities for customers of these brands, paving the way for a seamless transition to digital transactions.
“With the support of Mr. Kwee and our other esteemed investors, dtcpay is well-positioned to swiftly access overseas markets and establish robust relationships with strong governance,” stated Kanny Lee, the Group CEO of dtcpay. This assurance underscores the company’s commitment to leveraging its newfound resources to forge meaningful partnerships and expand its global reach.
FAQ
Q: What is dtcpay’s primary focus with the raised funding?
A: The primary focus of dtcpay’s recently raised funding is to accelerate product development, enhance operational capabilities, and expand its global presence.
Q: What is dtcpay’s offering to merchant businesses?
A: dtcpay offers a unified platform that enables merchant businesses to seamlessly convert fiat and digital currencies, providing a diverse range of payment options and facilitating quick settlement processes.
Q: What markets does dtcpay aim to tap into?
A: dtcpay seeks to explore market opportunities in cross-border payments and cater to the needs of nascent Web 3.0 businesses.
Q: How does dtcpay plan to collaborate with hospitality brands?
A: dtcpay plans to form partnerships with globally renowned hospitality brands to promote digital payments within this industry and offer enhanced payment experiences to their customers.
Q: Who is leading dtcpay’s expansion efforts as the Group CEO?
A: Kanny Lee is the appointed Group CEO of dtcpay, responsible for driving the company’s growth, market expansion, and strategic initiatives.
Q: How does dtcpay envision utilizing the support from investors?
A: dtcpay intends to leverage the support of esteemed investors, including Mr. Kwee Liong Tek, to quickly access overseas markets and establish partnerships with reputable entities, ensuring strong governance and sustainable growth.
Conclusion
With the successful completion of the US$16.5 million pre-Series A funding round, dtcpay is poised to scale new heights in the digital payments landscape. The financial backing provided by investors, led by Kwee Liong Tek, signifies a strong vote of confidence in the company’s vision and potential. By prioritizing product development, enhancing operational capabilities, and expanding its global presence, dtcpay aims to solidify its position as a leader in the industry. As dtcpay continues to unlock new opportunities and collaborate with hospitality brands, the future looks promising for the digital payments ecosystem.
About dtcpay
dtcpay is a Singapore-based digital payments platform that offers seamless conversion of fiat and digital currencies. As a licensed Major Payment Institution (MPI), dtcpay empowers merchant businesses to accept a wide range of payment types while streamlining settlement processes. With its focus on market expansion and innovation, dtcpay is poised to shape the future of digital transactions.
Disclaimer: This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.