Quick Breakdown
- Ripple and Circle join Series B funding to back Tazapay’s fiat-to-stablecoin payment infrastructure.
- $10B+ in annualized payment volume with 300% YoY growth reported.
- Licensing push underway in the U.S., UAE, Hong Kong, and Australia, alongside plans for a Singapore Digital Payment Token license.
Cross-border payments platform Tazapay has closed its Series B funding round, drawing fresh backing from industry heavyweights Ripple and Circle Ventures. According to the announcement on August 27, the investment underscores Tazapay’s role as a bridge between traditional finance and blockchain-powered settlement systems.
Funding Led by Peak XV Partners
The round was led by Peak XV Partners (formerly Sequoia Capital India & Southeast Asia), with additional participation from Norinchukin Capital and GMO VenturePartners of Japan. Existing investors January Capital and ARC180 also returned for the latest raise. While the exact funding amount was not disclosed, the addition of Ripple and Circle highlights growing confidence in Tazapay’s market position.
Strengthening Fiat–Stablecoin Settlement Rails
Tazapay is positioning itself as a key player in enabling seamless fiat-to-stablecoin transactions. Ripple, the firm behind the XRP Ledger, and Circle, the issuer of USD Coin (USDC), are expected to help the company scale its settlement infrastructure, particularly in emerging markets where digital payments are gaining traction.
The company already processes over $10 billion in annualized payment volume, recording 300% year-over-year growth, and provides coverage across cards, alternative payment methods, virtual accounts, payouts, and stablecoin settlements.
Expanding Regulatory Footprint
With new capital in place, Tazapay is accelerating its licensing strategy. Beyond its existing approvals in Singapore, Canada, and the EU, the firm plans to pursue licenses in the U.S., UAE, Hong Kong, and Australia. It also intends to apply for a Digital Payment Token license in Singapore. Notably, Singapore’s Monetary Authority (MAS) issued a final directive requiring all cryptocurrency exchanges operating without a license to cease operations by June 30.
Global Growth Outlook
The partnerships with Japanese investors GMO VenturePartners and Norinchukin Capital are expected to support Tazapay’s entry into Japan and other strategic markets. Having achieved operational breakeven, the company is now targeting expansion as it strengthens its position as a regulated payments provider for B2B marketplaces, multinational corporations, and fintechs.
Founded in 2020, Tazapay has quickly built a reputation as a reliable and compliant payments platform, with the latest round cementing its status as a critical link between traditional banking and digital asset ecosystems.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
