Tazapay has raised a Series B extension led by Circle Ventures, taking its total funding for the round to US$36 million.
New investors in the extension include CMT Digital and Coinbase Ventures.
Circle Ventures, Peak XV Partners, GMO Venture Partners, and January Capital also participated in the extension.
Existing backers of Tazapay include Ripple, Norinchukin Capital, ARC180, and RTP Global.
The fresh funding will support licensing expansion, commercial growth across Asia, Latin America, the Middle East, and the Americas, as well as the development of infrastructure for AI-driven payment use cases.
Kanupriya Sharda, Chief Business Officer at Tazapay, 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.”
Tazapay provides cross-border payment infrastructure for businesses in emerging markets.
Its platform supports faster and more capital-efficient settlement than traditional banking rails.
The firm now serves more than 1,000 enterprises and fintechs across 30 countries and has doubled revenue for three consecutive years.
Tazapay currently holds licences and registrations in Singapore, Canada, Australia, and the United States.
It also has active licence applications underway in the UAE, the European Union, and Hong Kong.
Brian Schultz, Vice President at Circle Ventures, 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.”
Featured image: (From left) Aayush Singhania (CPO), Kanupriya Sharda (CBO), and Rahul Shinghal (CEO).
