Cross-border payments firm Tazapay secures Series B funding

August 27, 2025

Tazapay, a global cross-border payments infrastructure provider, has closed its Series B funding round.

The round secured backing from major investors, including Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital, and GMO VenturePartners. Existing investors such as Peak XV Partners, January Capital, and ARC180 also participated in the round.

The company, which processes more than $10bn in annualised payment volume and is already operationally breakeven, supports global enterprises with local collection and payout services in over 70 markets.

It delivers payment solutions covering cards, alternative payment methods, virtual bank accounts, stablecoins, and payouts, with compliance and security across multiple jurisdictions.

The fresh capital will accelerate Tazapay’s licensing strategy in major global markets, with plans already underway for licences in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token licence in Singapore. It will also strengthen its infrastructure and expand its presence in Japan, enabling local payment methods and building a dedicated sales team.

Ripple’s SVP corporate and business development Eric Jeck said, “The future of global payments depends on the seamless convergence of traditional and digital finance. Tazapay is a clear leader in building these essential, compliant last-mile connections, especially in emerging markets.”

Tazapay CEO Rahul Shinghal added, “We’re entering the next chapter of our journey — one where modern payment technologies, regulatory compliance, and partnerships with global leaders will enable the future of cross-border commerce.

“With this round, we are not just capitalizing 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. One of the key use cases this infrastructure serves is being the Fiat bridge for stablecoins in emerging markets.”