dtcpay Announces USD16 5M in Pre-Series A Funding Round Led by Mr Kwee Liong Tek tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.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.
SINGAPORE – DBS Bank has apologised to its shareholders and customers for disruptions to its digital banking services. Singapore’s largest bank said during its annual general meeting (AGM) on Friday that it will also set up a special board committee to look into the cause of the disruptions, which left many of its customers unable to carry out their online.