Singapore, 25th March 2026
Tazapay today announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36M. CMT Digital and Coinbase Ventures join as new investors, adding three of the most recognised names in digital asset infrastructure to the cap table.
The extension backs Tazapay's regulated last-mile infrastructure, which uses modern digital settlement technology to power cross-border payments across emerging markets, replacing legacy banking rails with faster, more capital-efficient alternatives.
"Stablecoin adoption in cross-border commerce depends on regulated, operationally reliable infrastructure. Tazapay has built that capability across key emerging markets. Their licensing footprint and local market integration address an essential requirement for enterprise stablecoin-to-fiat settlement," said Brian Schultz, Vice President, Circle Ventures.
Read the full announcement here.
Tazapay has doubled revenues for three consecutive years and now serves over 1,000 enterprises and fintechs across 30 countries. The platform supports local collections and payouts in 70+ markets through a multi-jurisdiction compliance framework that lets businesses move money with confidence where traditional infrastructure falls short.
The company holds licences and registrations in Singapore, Canada, Australia, and the United States, with active applications in the UAE, EU, and Hong Kong.
The capital will go toward licensing expansion across new jurisdictions to unlock high-growth corridors, go-to-market acceleration across Asia, LATAM, the Middle East, and the Americas, and the buildout of agentic payment infrastructure, where Tazapay's rules engine and flexible rails will support autonomous, AI-driven payment flows on fully compliant, licensed infrastructure.
"The demand we're seeing from enterprises and fintechs across Asia, LATAM, and the Middle East is unmistakable; businesses want to move money faster, cheaper, and with full regulatory confidence. Tazapay's infrastructure was built precisely for this moment. With Circle Ventures' backing and the addition of CMT Digital and Coinbase Ventures, we now have the fuel to scale our go-to-market across the corridors where this matters most," said Kanupriya Sharda, Chief Business Officer, Tazapay.
About Tazapay
Tazapay is a regulated cross-border payment infrastructure company powering next-generation settlement in emerging markets. The platform combines modern digital payment rails with a per-transaction funding model and an industry-leading compliance framework to deliver capital-efficient, same-day settlement across 70+ markets. Tazapay serves B2B businesses, marketplaces, fintechs, neobanks, and web3 companies globally. For more information, visit tazapay.com.
About Circle Ventures
Circle Ventures is an affiliate of Circle Internet Financial, LLC.
Singapore, 27 August 2025 – Tazapay, a leading global cross-border payments infrastructure platform, has successfully closed its Series B funding round with investments from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan). Existing investors including January Capital, ARC180, and RTP Global also participated in this round.
This milestone comes as Tazapay continues its rapid growth, now processing more than $10 billion in annualized payment volume with a 300% year-over-year increase and achieving operational breakeven.
With its differentiated platform, Tazapay empowers global businesses with seamless local collection and payout capabilities across 70+ markets. Its infrastructure spans alternative payment methods, cards, virtual bank accounts, payouts, and stablecoins—backed by institutional-grade security and compliance across multiple jurisdictions.
The strategic participation of Ripple and Circle—two global leaders in blockchain-based and stablecoin-powered payments—underscores Tazapay’s role as the fiat network bridging traditional finance with stablecoins in emerging markets, strengthening last-mile connectivity for global businesses.
The new funding will also accelerate Tazapay’s licensing roadmap, with applications already underway in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore.
In parallel, partnerships with GMO VenturePartners and Norinchukin Capital will further expand Tazapay’s footprint in Japan, where it will enable local payment methods and support Japanese enterprises in scaling internationally.
Speaking on the announcement, Rahul Shinghal, Co-founder and CEO of Tazapay, said:
“We’re entering the next chapter of our journey—one where modern payment technologies, regulatory compliance, and partnerships with global leaders will enable the future of cross-border commerce. This funding is not just capital—it’s fuel for our long-term vision of building a truly global collection and payout infrastructure on modern rails.”
Tazapay’s Series B marks a pivotal step in shaping the future of cross-border commerce, bridging the gap between traditional banking and next-generation, borderless digital finance.
Read more here.
CB Insights today named Tazapay to its sixth-annual Fintech 100 ranking (previously the Fintech 250) - showcasing the 100 most promising private fintech companies of 2023.
"Representing 24 different countries across the globe, this year's Fintech 100 is shaping the future of real-time payments, spend management automation, embedded finance, and more," said Chris Bendtsen, Lead Fintech Analyst, CB Insights. Together, they are not only increasing the pace of innovation, but launching new products and features to revolutionize the industry as a whole. I cannot wait to see what this cohort accomplishes next."
"Being recognized in the CB Insights' Fintech 100 list is an affirmation of our vision to revolutionize cross-border payments. We're committed to creating solutions that not only simplify transactions but also instill trust in global commerce. This acknowledgement fuels our determination to push boundaries further," remarked Rahul Shinghal, CEO of Tazapay
Utilizing the CB Insights platform, the research team selected these 100 winners from a pool of over 19,000 private companies, including applicants and nominees. They were chosen based on factors including - equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, proprietary Mosaic scores, and Yardstiq transcripts - and criteria such as tech novelty and market potential. The research team also reviewed thousands of Analyst Briefings submitted by applicants.
In a rapidly globalizing e-commerce landscape, Tazapay emerges as a crucial enabler. Its platform provides seamless and secure payment solutions, empowering businesses to confidently operate on a global scale. Tazapay has bridged the gap for cross-border merchants and enterprises, facilitating payment collections from 173+ global markets. Furthermore, the introduction of local payment options such as local bank transfers, QR codes, e-wallets, vouchers, etc. enables businesses to tap into diverse customer segments within these markets, further widening and deepening their reach. Demonstrating commitment to growth and compliance, Tazapay secured a license from the Monetary Authority of Singapore (MAS) and successfully closed its Series A funding in 2023
Quick facts on the 2023 Fintech 100:
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
About Tazapay
Tazapay is reshaping the cross-border e-commerce landscape by offering secure, transparent, and efficient payment solutions tailored for global commerce. Catering to industries such as travel, gaming, ed-tech, SaaS, and e-commerce, we're committed to fostering trust and facilitating smooth global transactions. As the e-commerce domain continues to expand, Tazapay remains dedicated to being the payment solution partner of choice for businesses around the globe. Learn more at www.tazapay.com
