Startup dtcpay raises USD 16.5 mil in pre-Series A funding round led by Pontiac Land Group’s Kwee Liong Tek

Startup dtcpay raises USD16.5 mil in pre-Series A funding round led by Pontiac Land Group’s Kwee Liong Tek

Singapore-based digital payments platform, dtcpay, has raised USD 16.5 million (SGD 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