DCS
“Can a legacy Diners Club issuer reinvent itself as a stablecoin-native card-as-a-service platform for enterprise and embedded finance clients in Asia?”
Founded1973
HQSingapore
Total raised$7.36M
Latest roundLater Stage VC
IndustryFintech / SMB banking
The story
Originally founded in 1973 as Diners Club Singapore, DCS Card Centre evolved into a broader financial services and payment infrastructure provider under DCS Fintech Holdings. The company has pivoted toward embedded finance, launching DeCard — a card-as-a-service (CaaS) and white-label card issuing product targeting enterprise clients. Its recent partnership with Polygon Labs signals a deliberate move into stablecoin-enabled card infrastructure, positioning DCS as a regional player in crypto-native embedded payments for institutional clients.
Product timeline
1973
Founded as Diners Club Singapore, providing credit cards and payment services.· card
2025
DeCard by DCS partnered with Polygon Labs to expand stablecoin-enabled card issuing infrastructure, enabling USDC and USDT payments to over 150 million merchants.· banking
The stack
1 layer disclosed in DCS’s embedded-finance stack
KYC
Accounting gap: none