Tazapay, a cross-border payment infrastructure provider, has successfully extended its Series B funding round, raising a total of $36 million. The extension was led by Circle Ventures, the investment arm of stablecoin issuer Circle, with significant participation from Coinbase Ventures, CMT Digital, Peak XV Partners, and blockchain payments firm Ripple.
The new capital injection is earmarked for several strategic initiatives. Tazapay plans to expand its digital settlement technology for cross-border payments, secure additional operational licenses in key global markets, and build infrastructure for "agentic payments," a product area mentioned alongside its broader strategy. The company specifically targets expansion in Asia, Latin America, the Middle East, and the Americas.
Tazapay currently serves over 1,000 enterprises and fintechs across 30 countries. It already holds licenses in Singapore, Canada, Australia, and the United States, and has active license applications pending in the European Union, the United Arab Emirates, and Hong Kong, highlighting a focus on regulated market expansion.
"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," said Kanupriya Sharda, Chief Business Officer at Tazapay.
The funding round underscores a growing trend of investor support for stablecoin-based payment infrastructure. This news follows Ripple's recent announcement that its Ripple Payments platform has expanded into an end-to-end stablecoin and fiat service, now live in over 60 markets with more than $100 billion in processed volume. Similarly, in May 2025, cross-border payments firm Conduit raised $36 million in a Series A round to scale its system as an alternative to SWIFT.
