Tazapay, a Singapore-based regulated cross-border payments infrastructure company, announced on Thursday the closing of a Series B extension led by Circle Ventures, bringing its total Series B raise to $36 million. The extension added CMT Digital and Coinbase Ventures as new investors, with participation from existing backers Circle Ventures, Peak XV Partners, GMO Venture Partners, January Capital, as well as earlier investors including Ripple, Norinchukin Capital, ARC180, and RTP Global.
Funding Background and Business Overview
The extension follows an initial Series B tranche in August 2025, which was led by Peak XV Partners with involvement from Ripple, Circle Ventures, and several other institutions. The exact size of that round was not disclosed at the time. Tazapay currently operates payment rails across 70 markets and serves more than 1,000 enterprises, fintechs, marketplaces, neobanks, and Web3 companies across 30 countries. Revenue has doubled for three consecutive years.
The company holds payment licenses or registrations in Singapore, Canada, Australia, and the United States, with active applications pending in the UAE, the European Union, and Hong Kong. Its infrastructure is designed to move money across high-growth corridors in Asia, Latin America, and the Middle East, functioning as a last-mile settlement layer that connects stablecoin rails to local fiat systems, replacing traditional correspondent banking routes.
Strategic Focus: Agentic Payment Infrastructure
Chief Business Officer Kanupriya Sharda stated that enterprises and fintechs in these regions are demanding faster, cheaper cross-border payments backed by full regulatory compliance. “Tazapay’s infrastructure was built precisely for this moment,” she said. Brian Schultz, Vice President at Circle Ventures, noted that stablecoin adoption in cross-border commerce depends on regulated infrastructure with real local-market integration. He pointed to Tazapay’s licensing footprint as an essential requirement for enterprise stablecoin-to-fiat settlement.
The company plans to use the capital to expand its licensing coverage, accelerate go-to-market efforts in Asia, Latin America, the Middle East, and the Americas, and build what it calls “agentic” payment infrastructure — rules engines and flexible rails designed for autonomous, AI-driven payment flows. This positions Tazapay at the intersection of enterprise fintech and AI-directed commerce, enabling developers and companies working on autonomous financial workflows to rely on compliant rails for cross-jurisdiction execution.
Investor Mix Signals Institutional Appetite
The investor mix carries strategic weight. Circle and Ripple act as stablecoin infrastructure companies, while Coinbase Ventures and CMT Digital are crypto-native investors. This combination signals strong institutional appetite for regulated fiat-digital bridges, particularly in markets where legacy banking systems are slow or inaccessible. Tazapay was founded by CEO Rahul Shinghal, CBO Kanupriya Sharda, and CPO Aayush Singhania. The Series B extension positions Tazapay to compete for enterprise payment volume in corridors where demand for compliant, real-time settlement is growing faster than existing infrastructure can support.