Singapore-based payments infrastructure firm Tazapay has closed its Series B funding round. The sum was not disclosed.
The round was led by Peak XV Partners and included backing from Ripple, Circle Ventures, Norinchukin Capital, and GMO VenturePartners, along with participation from existing investors January Capital and ARC180.
Tazapay provides local collection and payout services in more than 70 markets and processes over US$10 billion in annualised payment volume.
The company reported that it has reached operational breakeven and is growing at 300 percent year-on-year.
The platform supports a range of payment methods including cards, alternative payments, virtual bank accounts, payouts, and stablecoins.
It is licensed in Singapore, Canada, and the European Union, and said the new funding will help accelerate its licensing roadmap across key global markets.
Applications are underway in the United States, the United Arab Emirates, Hong Kong, Australia, and for a Digital Payment Token license in Singapore.
Ripple and Circle’s involvement reinforces Tazapay’s role in connecting traditional finance with the evolving world of digital currencies.
The investments from Norinchukin Capital and GMO VenturePartners are expected to accelerate Tazapay’s expansion in Japan.
The company plans to enable local Japanese payment methods for its global customer base, establish a dedicated sales team, and support Japanese enterprises in scaling internationally.
Tazapay also plans to expand its infrastructure with further investment in modern payment rails such as real-time payments (RTP), ACH, and stablecoins.
“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 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. One of the key use cases this infrastructure serves is being the Fiat bridge for stablecoins in emerging markets.”
said Rahul Shinghal, Co-founder and CEO of Tazapay.
“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.
We’re proud to invest in Tazapay in this next phase of their growth, and together provide best-in-class payment solutions in key regions such as APAC.”
said Eric Jeck, SVP Corporate and Business Development at Ripple.
