Tag: web3

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Link to article:

https://www.theblockbeats.info/flash/151284

Foresight News 消息，据 Business Times 报道，新加坡加密货币支付提供商 dtcpay（原 Digital Treasures Center）完成 1650 万美元 Pre-A 轮融资，Pontiac Land 董事长 Kwee Liong Tek 领投，参投方包括 Carlyle Group 前董事总经理兼合伙人 David Tung、Burgess 亚洲主席 Jean-Marc Poullet 以及毕马威前新加坡及亚太区主席 Tham Sai Choy。本轮融资将用于产品开发，加强运营能力、扩大其全球影响力等。

Foresight News 此前报道，Digital Treasures Center 于今年 3 月宣布获得新加坡金融管理局（MAS）运营数字支付代币服务的许可，公司将能够提供开户、商户获取、国内汇款、跨境汇款、电子货币发行以及数字支付代币服务。

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Link to article:

https://foresightnews.pro/news/detail/25063

Founded in 2019, dtcpay offers services including account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, e-money issuance and digital payment token services. It offers payment processing for users transacting across fiat and digital currencies.

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Link to article: https://www.businesstimes.com.sg/startups-tech/dtcpay-raises-us165-million-pre-series-round-led-pontiac-land-chairman

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Link to article:

https://cn.cointime.ai/flash-news/dtcpay-xuan-bu-huo-de-1650-wan-mei-yuan-de-prea-lun-rong-zi-you-kwee-liong-tek-ling-tou-21091

Dtcpay and the mission to transform digital payments market

Dtcpay, which launched in 2019, is a payment service provider that supports both traditional and digital currency transactions and provides secure payment processing. In addition to accounts issuance, it also offers services like domestic and international money transfers, merchant acquisition, e-money issuance, and digital payment tokens. The company says that it will put proceeds from the funding round towards new product development, improved operational and infrastructure capacity, and international growth initiatives.

Dtcpay has established itself as a licensed and reputable platform that offers a seamless conversion between traditional currencies and digital currencies, all on a single platform. By broadening the forms of payment they accept and streamlining the time it takes to execute transactions, merchant businesses on the platform can expand their customer bases. The company rebranded in 2023 with the intention of serving emerging web3 enterprises and expanding into new markets, including as cross-border payments.

With its robust governance provided by credible partners, the company says it is prepared to rapidly enter international markets. Customers have flocked to QR code payments due to their convenience and the increased number of payment options they provide. This gives Dtcpay a broad niche on which to focus its expansion.

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Link to article: https://www.investingcube.com/dtcpay-raises-16-5-million-to-expand-digital-payments-service/

SINGAPORE, June 21, 2023 /PRNewswire/ — dtcpay, a Singapore-based digital payments platform, announced it has raised USD16.5M in a pre-Series A funding round. One of Singapore’s most influential conglomerate family business owners, Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led this round. The funding will further invest in product development, building more robust operations / infrastructure capabilities, and expanding dtcpay’s global presence.

Seamless payments for the digital economy

dtcpay provides seamless conversion of fiat and digital currencies in a single platform by a regulated trusted provider. This enables merchant businesses to grow their customer base by accepting more payment types with a quick and easy settlement process. Consumers have gravitated towards the simplicity of QR code payments, enabling more choices for their preferred payment method to be used. dtcpay’s vision is to streamline the payment experience making it easy for consumers to interact with digital currencies bridging the gap between traditional businesses to web3.

Growth and Expansion

Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led dtcpay’s pre-Series A funding round, highlighting the promising future of digital payments. Pontiac Land Group is a luxury real estate developer, owner and operator of properties including Capella Hotel Group and Millenia Singapore which includes the Ritz-Carlton and Conrad Hotels in Singapore. The Group’s assets under management is in excess of SGD10 billion across hospitality, mixed-used, commercial and residential developments spanning across Singapore, New York, Sydney and the Maldives. The other investors in this funding round include David Tung, former Managing Director/ Partner of The Carlyle Group, Jean Marc Poullet Chairman Asia, BURGESS and ex Senior Partner, McKinsey & Co, Tham Sai Choy former KPMG Singapore and Asia Pacific Chairman.

“dtcpay has demonstrated remarkable growth prospects and aligns with our investment strategy” says John Tay, representing Mr Kwee’s investment vehicle.  “From the moment we met with the dtcpay team, we saw their commitment to the regulated financial markets as fully licensed payments provider that could integrate well with our international portfolio of leading hospitality brands bringing them into the web3 economy”

In 2023, the company rebranded to dtcpay and appointed Kanny Lee as Group CEO with market expansion goals that tap into areas such as cross-border payments and to serve nascent web3 businesses.

“It’s not often you see a generational shift into a global digital economy where businesses increasingly interact with their customers online or offline with use of digital currencies.” says Kanny Lee. “At dtcpay, we are excited about the prospect of working with globally renowned hospitality brands to open the door to their customers for digital payments. With the support of Mr. Kwee and our other investors, we are well positioned to quickly access overseas markets with reputable partners providing us strong governance”

dtcpay is a leading payment service provider headquartered in Singapore that offers reliable payment processing while transacting across both fiat and digital currencies. dtcpay was founded in 2019 by Alice Liu and her classmate who met while studying at the National University of Singapore.

As a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS), dtcpay has become a trusted partner for businesses entering the digital economy.

About Mr Kwee Liong Tek, 

Mr Kwee Liong Tek is the Chairman of Pontiac Land Group, a privately held luxury real estate developer, owner and operator in Singapore. The group’s assets span hospitality, mixed-use, commercial and residential developments in Singapore, New York, Sydney and the Maldives, including the leading hospitality management company Capella Hotel Group as a wholly owned subsidiary.

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency. Our client’s benefit from frictionless payment experiences, whether they are interacting with our POS+ terminal in-store or via ecommerce online. dtcpay was recognized as the best cryptocurrency payment company by APAC Insider and selected for the Mastercard Start Path program

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) with services offered offered including Account Issuance, Domestic Money Transfer, Cross-Border Money Transfer, Merchant Acquisition, E-money Issuance and Digital Payment Token (DPT) services.

Find out more at https://dtcpay.com/

LinkedIn: https://www.linkedin.com/company/dtcpay/

Twitter: https://twitter.com/dtc_pay

SOURCE dtcpay

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Link to article: https://www.prnewswire.com/apac/news-releases/dtcpay-announces-usd16-5m-in-pre-series-a-funding-round-led-by-mr-kwee-liong-tek-301854875.html

Singapore-based fintech company, dtcpay, which specializes in bridging traditional and digital currencies through its integrated payment platform, has successfully garnered US$16.5 million (equivalent to $22.2 million) in a pre-Series A funding round.

Kwee Liong Tek, who presides as the chairman of the property development firm Pontiac Land Group, played a pivotal role in the funding round, a local news outlet reported.

Pontiac Land Group is known for its ownership and management of high-end properties, including the Capella Hotel Group and Millenia Singapore.

Notably, the latter boasts an impressive range of luxury accommodations such as Singapore’s Ritz-Carlton and Conrad hotels.

The influx of funds is earmarked for an array of purposes, including fortifying dtcpay’s product offerings, bolstering its operational framework and infrastructure, and enhancing the company’s international footprint.

John Tay, who spoke on behalf of Kwee Liong Tek’s investment entity, said, “dtcpay has demonstrated remarkable growth prospects and aligns with our investment strategy,” adding, “From the moment we met with the dtcpay team, we saw their commitment to the regulated financial markets as fully licensed payments provider that could integrate well with our international portfolio of leading hospitality brands bringing them into the web3 economy.”

Kanny Lee, who serves as the group CEO of dtcpay, conveyed his enthusiasm regarding the collaboration with globally acclaimed hospitality brands to facilitate digital payments for their clientele.

Lee expressed his gratitude to Kwee and other investors, emphasizing that their support places dtcpay in an advantageous position for rapid global expansion in tandem with reputable partners that uphold strong governance.

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Link to article:

https://www.benzinga.com/markets/cryptocurrency/23/06/32947032/singapore-fintech-dtcpay-raises-16-5m-in-pre-series-a-round-aims-to-bridge-traditional-and