Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.
New investors CMT Digital and Coinbase Ventures join Circle Ventures, Peak XV Partners, GMO Venture Partners, and January Capital in the Series B extension, with Ripple, Norinchukin Capital, ARC180, and RTP Global as existing backers of the company, Tazapay said in a statement.
The Series B extension will support the firm’s licensing expansion across multiple jurisdictions globally – deepening Tazapay’s regulatory footprint and enabling access to new high-growth corridors.
It also helps GTM acceleration across Asia, Latin America (LATAM), the Middle East, and the Americas — markets where compliant, modern payment infrastructure is the critical missing layer in cross-border commerce.
It will also support agentic payment infrastructure. Tazapay’s flexible rails and rules engine are purpose-built to support the next frontier of autonomous, artificial intelligence (AI)-driven payments, enabling developers and enterprises to build agentic payment flows on top of fully compliant, robust, and licensed infrastructure.
“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,” said Kanupriya Sharda, Chief Business Officer, Tazapay.
Tazapay has positioned itself as a regulated cross-border payments platform for businesses operating in Asia Pacific (APAC) and emerging markets.
Its compliance framework, covering multiple licenses, jurisdictions, and payment corridors, allows enterprises to move funds where traditional infrastructure is limited.
The platform’s digital settlement technology and per-transaction funding model enable real-time, capital-efficient transactions at scale.
Tazapay holds licenses and registrations across Singapore, Canada, Australia, and the United States, with active applications underway in the UAE, EU, and Hong Kong.
Investors have backed the expansion, highlighting confidence in Tazapay’s regulated infrastructure and modern payment rails, which aim to replace slower legacy banking systems with faster, more efficient alternatives for cross-border business payments.
“Stablecoin adoption in cross-border commerce depends on regulated, operationally reliable infrastructure. Tazapay has built that capability across key emerging markets,
“Their licensing footprint and local market integration address an essential requirement for enterprise stablecoin-to-fiat settlement,” said Brian Schultz, Vice President, Circle Ventures.
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