Tazapay, a leading cross-border payments platform, has secured $10 billion+ in annualized payment volume with 300% year-over-year growth. This funding boost from industry giants Ripple and Circle Ventures highlights Tazapay’s role in facilitating seamless fiat-to-stablecoin transactions. The investment underscores the growing trust in Tazapay’s market position as it expands its regulatory footprint and targets new markets.
The Series B funding round, led by Peak XV Partners (formerly Sequoia Capital India & Southeast Asia), brings on board Norinchukin Capital and GMO VenturePartners of Japan alongside existing investors January Capital and ARC180. Ripple and Circle’s involvement signifies a belief in Tazapay’s ability to scale its settlement infrastructure, particularly in emerging markets where digital payments are gaining popularity.
Key highlights include:
– Tazapay processes over $10 billion in annualized payment volume, showing significant year-over-year growth.
– The company offers coverage across cards, alternative payment methods, virtual accounts, payouts, and stablecoin settlements.
– The company is pursuing licensing in several key markets including the U.S., UAE, Hong Kong, Australia, and Singapore.
– In a major move for the digital asset industry, Tazapay aims to secure a Digital Payment Token license in Singapore under the newly established regulatory framework.
Tazapay’s commitment to providing reliable and compliant payments is further cemented by this Series B funding. As the company targets expansion into strategic markets and strengthens its position as a regulated payments provider for B2B marketplaces, multinational corporations, and fintech companies, it’s set to continue shaping the future of digital payment solutions.