Tag: funding

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

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Link to article:

https://www.techinasia.com/short/50-words-dtcpay-raises-165m-preseries-global-expansion

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