Tazapay, a cross-border payment infrastructure provider, has secured a $36 million extension to its Series B funding round, led by Circle Ventures, the investment arm of stablecoin issuer Circle. The round also attracted participation from prominent investors such as Coinbase Ventures, CMT Digital, Peak XV Partners, and blockchain payments firm Ripple.
This latest funding brings Tazapay's total Series B raise to $36 million, with the capital earmarked for expanding its digital settlement technology, securing additional licenses, and accelerating its go-to-market strategy across key regions including Asia, Latin America, and the Middle East. The company also plans to invest in building infrastructure for "agentic payments."
Tazapay currently serves over 1,000 enterprises and fintechs across 30 countries and holds licenses in Singapore, Canada, Australia, and the United States. The company is actively pursuing licenses in the European Union, United Arab Emirates, and Hong Kong to further solidify its global footprint.
"The demand we’re seeing from enterprises and fintechs underscores the urgent need for robust, scalable cross-border payment solutions," said a spokesperson for Tazapay.
At press time, Bitcoin was trading at , while Ethereum held steady at . The funding announcement comes amidst a broader market downturn, with most major cryptocurrencies seeing a dip in the past 24 hours. Avalanche (AVAX), for instance, was down 4.4% to at the time of writing.
For investors and traders, this development highlights the growing interest and investment in fintech infrastructure, particularly in the cross-border payments sector. As Tazapay expands its reach and capabilities, it could potentially drive further innovation and competition in the space, offering more efficient and cost-effective solutions for global transactions.
What to Watch Next: Keep an eye on Tazapay's expansion plans, especially in regions like the UAE, EU, and Hong Kong, as these moves could significantly impact its market position and influence in the fintech sector. Additionally, monitor how this funding might influence other players in the cross-border payments space to innovate or secure their own funding rounds.
