Tazapay, a prominent global cross-border payments platform, has successfully closed its Series B funding round, attracting investments from Ripple, Circle Ventures, and other key players. The funding, led by existing investor Peak XV Partners, also saw participation from Norinchukin Capital and GMO VenturePartners from Japan. This strategic investment is set to bolster Tazapay’s mission to revolutionise cross-border payments by integrating traditional finance with digital currencies.
The platform, which processes over $10 billion in annualised payment volume, offers local collection and payout capabilities in more than 70 markets. Tazapay’s infrastructure supports a wide range of payment methods, including cards, virtual bank accounts, and stablecoins, ensuring comprehensive coverage for global enterprises. The company has reached operational breakeven and is experiencing a 300% year-on-year growth.
With the new funding, Tazapay plans to accelerate its licencing roadmap in key global markets, including the UAE, US, Hong Kong, and Australia. Applications are also underway for a Digital Payment Token licence in Singapore. Rahul Shinghal, co-founder and CEO of Tazapay, stated, “With this round, we are not just capitalising 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.”
The investments from Ripple and Circle, leaders in blockchain-based payments, underscore Tazapay’s role in bridging traditional and digital finance. Eric Jeck, SVP of Corporate and Business Development at Ripple, remarked, “Tazapay is a clear leader in building essential compliant last-mile connections, especially in emerging markets.”
The funding will also facilitate Tazapay’s expansion into Japan, enabling local payment methods and establishing a dedicated sales team to support Japanese enterprises in scaling internationally. With strong institutional backing and a clear regulatory path, Tazapay is poised to lead the transformation of cross-border payments, offering a future-ready payment experience for global businesses.
“`
