Tazapay, a regulated cross-border payment infrastructure provider for emerging markets, has closed a Series B extension led by Circle Ventures, bringing its total Series B funding to $36m.
The extension sees new investors CMT Digital and Coinbase Ventures join the round alongside existing backers Peak XV Partners, GMO Venture Partners, and January Capital, with Ripple, Norinchukin Capital, ARC180, and RTP Global continuing their support as existing investors in the company.
The fundraise will be used to fund licensing expansion across multiple jurisdictions globally, accelerate go-to-market efforts across Asia, LATAM, the Middle East, and the Americas, and develop agentic payment infrastructure designed to support autonomous, AI-driven payment flows built on fully compliant, licensed rails.
Tazapay has demonstrated consistent growth, doubling revenues for three consecutive years and now serving over 1,000 enterprises and FinTechs across 30 countries. The company currently holds licences and registrations across Singapore, Canada, Australia, and the United States, with active applications underway in the UAE, EU, and Hong Kong.
Tazapay operates as a regulated last-mile infrastructure layer for businesses across APAC and emerging markets. Its modern payment rails and per-transaction funding model, powered through digital-native settlement technology, are designed to replace legacy banking infrastructure with faster, more capital-efficient alternatives, enabling real-time cross-border settlement at scale across 70 markets globally.
Tazapay chief business officer Kanupriya Sharda said, “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.”
Circle Ventures vice president Brian Schultz said, “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.”
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