Sam Lin
CTO
dtcpay
dtcpay is a regulated payment service provider that enables merchants to accept payments in stablecoins and fiat currencies through a unified platform, facilitating real-time multi-currency swaps. This solution addresses high transaction fees and enhances customer acquisition by offering diverse payment options, thereby increasing conversion rates and reducing cart abandonment.
- Applications
- Blockchain & Cryptocurrency
- Commerce & Shopping
- Enterprise Software
- Financial Technology
- Software Only
Updated 11 months ago
Funding
Raised to date
$16.5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 1 round
DTJMKLTS
$16.5M · Series A
Announced Jun 2023
Disclosed cumulative: $16.5M
RoundDateAmountValuationInvestors
Founders
Product
Problem
Many merchants face challenges in accepting both traditional fiat currencies and emerging stablecoins, leading to fragmented payment processes and potentially limiting customer choice. High transaction fees associated with certain payment methods and the complexities of managing multiple currency conversions can further erode profitability.
Solution
dtcpay offers a unified payment platform that enables merchants to seamlessly accept payments in both stablecoins and fiat currencies. The platform facilitates real-time, multi-currency swaps, allowing merchants to receive payouts in their preferred fiat currency, mitigating the volatility associated with cryptocurrencies. By providing access to a wider range of payment options, dtcpay helps businesses increase customer acquisition, improve conversion rates, and minimize cart abandonment. The platform's POS+ device allows merchants to process card, QR code, and stablecoin payments seamlessly, while its online checkout solution streamlines online transactions.
Target Audience
dtcpay primarily targets merchants across various industries, including automotive, healthcare, travel & hospitality, retail, and professional services, who seek to expand their payment options and attract new customer segments.
Features
- Multi-currency swap functionality for instant conversion between stablecoins and fiat currencies
- POS+ terminal to process card, QR code, and stablecoin payments in-store
- Online checkout solution for processing online payment transactions
- Support for major stablecoins, including USDT and USDC, as well as Bitcoin and Ether
- Integration with local payment methods to increase conversion rates
- Automatic reconciliation to identify mismatches, fees and errors across payment providers
- Mobile app available on iOS and Android
- eSGD program to offer secure and convenient payment options for merchants and customers
- Integration with WeChat Pay for merchants to offer convenient settlement for Chinese nationals