Tazapay, a fintech startup headquartered in Singapore, has completed a Series B extension led by Circle Ventures. The extension brings the company’s total Series B funding to $36m.
The latest raise includes new investors CMT Digital and Coinbase Ventures. They participated with Circle Ventures, Peak XV Partners, GMO Venture Partners, and January Capital, while existing backers include Ripple, Norinchukin Capital, ARC180, and RTP Global also joined.
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Tazapay provides cross-border payment capabilities for businesses. Its solutions include checkout, payment links, and escrow services. The company says these tools are designed to simplify international transactions and reduce risk for both buyers and sellers in online commerce.
Currently, the business serves serves more than 1,000 enterprises and fintechs across 30 countries.
Tazapay will use the proceeds to expand licencing across multiple jurisdictions. It also intends to accelerate go-to-market activity across Asia, Latin America, the Middle East, and the Americas, and develop “agentic payment infrastructure”.
Tazapay chief business officer Kanupriya Sharda said: “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.”
Tazapay holds licences and registrations in Singapore, Canada, Australia, and the US. It has also submitted applications in the UAE, the EU, and Hong Kong.
In February 2023, Tazapay received an investment of $16.9m in its Series A round.
