With Backing From Billionaire Kwee Liong Tek, This Singapore Startup Is Bringing Crypto Payments To Luxury Hotels forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Singapore-based digital payments startup dtcpay (formerly Digital Treasures Center) has closed a $16.5 million Series A round led by Kwee Liong Tek, Chairman of Pontiac Land, with participation from David Tung, former Managing Director and Partner of Carlyle Group, Jean-Marc Poullet, Chairman of Burgess Asia, and Tham Sai Choy, former Chairman of KPMG Singapore and Asia Pacific. This round of financing will be used for product development, strengthening operations and infrastructure capability, and expanding its global presence.
Former grand railway stations, government office buildings, factories and even a prison are being transformed into luxury heritage hotels, preserving cities’ histories pin the process.