Tazapay Secures $36 Million in Series B Extension Led by Circle Ventures

Tazapay Secures $36 Million in Series B Extension Led by Circle Ventures

Tazapay, a Singapore-based company specializing in global payment solutions, has successfully raised $36 million in a Series B extension round. This funding round was led by Circle Ventures, with participation from new investors CMT Digital and Coinbase Ventures. Existing investors, including Peak XV Partners, GMO Venture Partners, January Capital, Ripple, Norinchukin Capital, ARC180, and RTP Global, also contributed to the round.

Expanding Global Payment Infrastructure

Tazapay offers businesses an extensive network that supports cards, local payment options, and bank transfers across over 173 countries, providing seamless collections, secure holding, and efficient payouts worldwide. This latest funding aims to expand Tazapay's licensing coverage globally and accelerate its go-to-market strategy in key regions such as Asia, Latin America, the Middle East, and the Americas.

Rahul Shinghal, Co-founder and CEO of Tazapay, emphasized the importance of this expansion, stating that the demand from enterprises and fintechs across these regions is "unmistakable." Businesses are eager for faster and cheaper transactions with full regulatory compliance, which Tazapay's infrastructure is built to provide.

Strategic Use of Funds

The $36 million raised will be strategically utilized to enhance Tazapay's cross-border payment infrastructure. This includes:

• Licensing Expansion: The company plans to deepen its regulatory footprint by expanding licensing in multiple jurisdictions globally, including applications in the UAE, EU, and Hong Kong.

• Go-to-Market Acceleration: Efforts will focus on scaling operations in high-growth corridors where compliant, modern payment infrastructure is crucial for cross-border commerce.

• Development of Agentic Payment Infrastructure: Tazapay aims to build systems supporting autonomous, AI-driven payment flows, leveraging its robust and licensed infrastructure.

Meeting Growing Demand

Tazapay's platform is designed to support a wide range of businesses, including marketplaces, fintechs, neobanks, and Web3 companies. With more than 1,000 enterprise and fintech customers across 30 countries, the company has seen its revenue double for three consecutive years. The new funding will further enhance Tazapay's ability to provide compliant and efficient payment solutions in emerging markets.

Punita Agrawal, from the CEO's office, highlighted the company's commitment to maintaining regulatory compliance while enabling real-time transaction capabilities. The platform's ability to facilitate stablecoin-to-fiat settlement addresses the growing need for reliable infrastructure in the evolving digital asset landscape.

Conclusion

With the backing of Circle Ventures and other prominent investors, Tazapay is well-positioned to scale its operations and meet the increasing demand for compliant cross-border payment solutions. This funding round marks a significant step in Tazapay's mission to revolutionize global payment infrastructure, ensuring businesses can move money across borders efficiently and securely.