Tazapay's $36 Million Funding Round
Tazapay, a Singapore-based company offering comprehensive global payment solutions, has successfully raised $36 million in a Series B extension round. The funding was led by Circle Ventures, with significant participation from new investors CMT Digital and Coinbase Ventures. Existing investors such as Peak XV Partners, GMO Venture Partners, January Capital, Ripple, Norinchukin Capital, ARC180, and RTP Global also contributed to the round.
Company Overview
Tazapay provides businesses with a robust payment infrastructure that supports card payments, local payment options, and bank transfers across more than 173 countries. This extensive network ensures seamless collections, secure holding, and efficient global payouts.
Strategic Use of Funds
The newly acquired capital will be strategically utilized to expand Tazapay's licensing across multiple jurisdictions. This expansion aims to deepen the company's regulatory presence and enhance its access to high-growth markets in Asia, Latin America, the Middle East, and the Americas. The funds will also accelerate Tazapay's go-to-market strategies, focusing on regions where modern, compliant payment infrastructure is in high demand.
The company plans to further develop its payment infrastructure to support autonomous, AI-driven payment flows, allowing developers and enterprises to build on top of a licensed and robust system. This includes the development of systems that enable stablecoin-to-fiat settlements, addressing the growing need for reliable infrastructure in cross-border commerce.
Leadership Insight
Commenting on the demand for Tazapay's services, Co-founder and CEO Rahul Shinghal highlighted the increasing need for faster, cost-effective, and regulatory-compliant payment solutions. "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," Shinghal noted.
Market Position and Growth
Tazapay has established itself as a compliance-driven infrastructure provider, holding licenses and registrations in Singapore, Canada, Australia, and the United States. The company is further applying for licenses in the UAE, EU, and Hong Kong.
Having doubled its revenue for three consecutive years, Tazapay now serves over 1,000 enterprises and fintech customers across 30 countries. The platform's ability to facilitate real-time transactions while ensuring regulatory compliance has positioned it as a key player in the payment infrastructure sector.
With this latest funding round, Tazapay is poised to continue its rapid expansion and enhance its offerings to meet the evolving needs of businesses and fintechs in emerging markets.