Tazapay, a Singapore-based fintech company, has successfully raised $36.0M in Series B funding. This significant investment round underscores the company's growth and its mission to redefine the cross-border payment experience for global businesses.
Founded in 2021, Tazapay provides a comprehensive payments infrastructure that enables companies to scale effortlessly across more than 70 markets. Its platform offers local collections, payouts, cards, and virtual accounts on modern rails, all supported by institutional-grade compliance and security. The company's unified interface simplifies the onboarding process, allowing businesses to transact with ease in over 173 countries through a single entity.
The Series B funding round saw participation from new investors including Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital, and GMO VenturePartners. Earlier investors, such as Sequoia Capital Southeast Asia, the PayPal Alumni Fund, January Capital, RTP Global, and ARC180, also continued their support, demonstrating sustained confidence in Tazapay's strategic direction and market potential.
Tazapay plans to deploy the newly secured capital to accelerate its growth initiatives, further expand its payment solutions, and enhance its global market reach. The investment will enable the company to continue developing its platform, ensuring it remains a trusted and accessible solution for cross-border e-commerce transactions.
With this funding, Tazapay is well-positioned to strengthen its role in the global payments landscape, driving further innovation and expanding its footprint to support businesses worldwide in their international growth endeavors.
