Singapore-based cross-border payments infrastructure firm Tazapay has closed a Series B extension, bringing its total Series B funding to $36 million. The extension was led by Circle Ventures, with new investors CMT Digital and Coinbase Ventures joining the round. Existing and participating backers also included Peak XV Partners, GMO Venture Partners, January Capital, Ripple, Norinchukin Capital, ARC180, and RTP Global.
The new capital follows an initial Series B tranche completed in August 2025. That earlier round was led by Peak XV Partners and included participation from Ripple, Circle Ventures, and several of the same institutions, though its exact size was not disclosed at the time. With the extension now complete, Tazapay has strengthened its capital position in the regulated stablecoin-to-fiat payments segment.
Building payment rails across emerging markets
Tazapay says it operates payment rails across 70 markets and serves more than 1,000 enterprises, fintechs, marketplaces, neobanks, and web3 companies across 30 countries. According to the company, revenue has doubled for three consecutive years.
Its infrastructure is focused on high-growth corridors in Asia, Latin America, and the Middle East, where it acts as a last-mile settlement layer linking stablecoin rails with local fiat systems. The company is effectively positioning itself as an alternative to slower and more expensive correspondent banking routes. Tazapay currently holds payment licenses or registrations in Singapore, Canada, Australia, and the United States, while applications are pending in the UAE, the EU, and Hong Kong.
Capital to support licenses and AI-oriented payment rails
Tazapay plans to use the new funding to expand its licensing footprint and accelerate go-to-market efforts across Asia, Latin America, the Middle East, and the Americas. It also intends to build what it describes as “agentic” payment infrastructure—rules engines and flexible rails designed to support autonomous, AI-driven payment flows.
Chief Business Officer Kanupriya Sharda said enterprises and fintech firms in these regions are increasingly demanding faster, cheaper, and fully compliant cross-border payment options. Circle Ventures Vice President Brian Schultz added that broader stablecoin adoption in cross-border commerce depends on regulated infrastructure with strong local-market integration, calling such compliance and connectivity essential for enterprise-grade stablecoin-to-fiat settlement.
Investor lineup signals confidence in regulated crypto-fiat bridges
The investor mix is notable because it combines stablecoin infrastructure players such as Circle and Ripple with crypto-native investors including Coinbase Ventures and CMT Digital. That combination suggests continued institutional interest in regulated bridges between fiat and digital assets, particularly in markets where legacy banking systems remain slow or difficult to access.
Founded by CEO Rahul Shinghal, CBO Kanupriya Sharda, and CPO Aayush Singhania, Tazapay is positioning itself to capture more enterprise payment volume as demand for compliant, real-time settlement grows faster than traditional infrastructure can support.