Tazapay, a leading global cross-border payments infrastructure platform, announced the close of its Series B funding round with investment from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan). Existing investor Peak XV Partners led the round, and two other existing investors, January Capital and ARC180, joined the round.
Tazapay provides seamless local collection and payout capabilities in over 70 markets, serving a growing number of global enterprises across various industries. With over $10 billion in annual payment volume and a remarkable growth rate of 300% year-over-year, Tazapay is on a solid path to success.
The platform offers a diverse range of alternative payment methods, including cards, virtual bank accounts, payouts, and stablecoins, all supported by institutional-grade security and compliance across multiple jurisdictions. Tazapay is licensed in Singapore, Canada, and the EU and is actively pursuing licenses in the UAE, US, Hong Kong, Australia, and a Digital Payment Token (DPT) license in Singapore.
Investments from Ripple and Circle strengthen Tazapay’s position at the intersection of traditional finance and digital currencies, while support from GMO VenturePartners and Norinchukin Capital will help expand its reach into Japan and introduce local payment methods.
Tazapay’s infrastructure facilitates regulated cross-border payment solutions for B2B marketplaces and fintechs. The company aims to further develop modern payment systems like real-time payments (RTP), ACH, and stablecoins, positioning itself as a leader in the transformation of cross-border payments and the future of compliant, borderless digital finance.
KEY QUOTES:
“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. With this round, we are not just capitalizing the business; we are investing in our long-term vision to become the builder of a global payment collection and payout infrastructure built on modern rails. One of the key use cases this infrastructure serves is being the Fiat bridge for stablecoins in emerging markets.”
Rahul Shinghal, Co-founder and CEO of Tazapay
The future of global payments depends on the seamless convergence of traditional and digital finance. Tazapay is a clear leader in building these essential, compliant last-mile connections, especially in emerging markets. We’re proud to invest in Tazapay in this next phase of their growth, and together provide best-in-class payment solutions in key regions such as APAC.
Eric Jeck, SVP Corporate and Business Development at Ripple
