Tazapay, a global cross-border payments platform, has closed its Series B funding round with strategic investments from Ripple, Circle Ventures, Norinchukin Capital, GMO VenturePartners, and Peak XV Partners. Existing investors, including January Capital and ARC180, also participated.
Tazapay supports enterprises in more than 70 markets with seamless local collection and payout services. The company processes over $10 billion in annualized payment volume and has reached operational breakeven. Additionally, it reports 300% year-over-year growth, highlighting strong demand for its services.
The platform offers cards, alternative payment methods, payouts, virtual accounts, and stablecoin settlement options. Moreover, it provides institutional-grade security and compliance across multiple jurisdictions. This approach ensures businesses benefit from regulated and reliable cross-border payment solutions.
Funding to Accelerate Global Licensing Expansion
Tazapay already holds licenses in Singapore, Canada, and the EU. The company will now accelerate license applications in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore.
“We are entering the next chapter of our journey,” said Rahul Shinghal, Co-founder and CEO of Tazapay. “With this round, we aim to scale modern payment infrastructure, strengthen stablecoin fiat bridges, and deliver secure, compliant global payment solutions.”
Ripple and Circle Signal Confidence in Tazapay
The funding round includes investments from Ripple and Circle, two leaders in blockchain-based and stablecoin-powered payments. Their backing underscores Tazapay’s pivotal role in bridging traditional finance and digital currencies.
“Tazapay is building compliant, last-mile connections in key markets,” said Eric Jeck, SVP, Corporate and Business Development at Ripple. “We are proud to invest and deliver best-in-class payment solutions together.”
Expanding Presence in Japan and Emerging Markets
With backing from GMO VenturePartners and Norinchukin Capital, Tazapay will deepen its presence in Japan. It will add local payment methods, establish a dedicated sales team, and support Japanese enterprises in scaling globally.
The company also plans to expand its infrastructure with modern rails such as real-time payments (RTP), ACH, and stablecoins. These initiatives will ensure businesses can access future-ready, compliant, and borderless payment solutions.
Building the Future of Cross-Border Finance
With strong institutional support and fintech expertise, Tazapay is positioned to lead the next era of cross-border payments. By merging traditional banking with digital finance, it continues to drive secure, scalable, and innovative payment experiences across global markets.
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News Source: Prnewswire.com
