Singapore — Tazapay, a Singapore-based cross-border payments infrastructure provider, has closed its Series B funding round with participation from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan).
The company enables local collection and payout capabilities across more than 70 markets, supporting enterprises and platforms in multiple industries. Its platform covers a wide range of payment options, including alternative methods, cards, virtual bank accounts, payouts, and stablecoins, backed by institutional-grade security and compliance across jurisdictions.
Rahul Shinghal, co-founder and CEO of Tazapay explained how the company is moving to the next chapter of the company’s journey in the future of cross-border payments with modern payment technologies, regulatory compliance, and partnerships with global leaders.
“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,” Rahul said.
The firm is licensed in Singapore, Canada, and the EU, with applications underway in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore. New investments will accelerate its licensing roadmap across these and other key markets.
Support from Ripple and Circle strengthens Tazapay’s role in connecting traditional finance with digital currencies.
Partnerships with GMO VenturePartners and Norinchukin Capital will aid its expansion in Japan, enabling local payment methods for global enterprises and establishing a sales presence in the market.
Tazapay plans to continue developing modern payment rails such as real-time payments (RTP), ACH, and stablecoin infrastructure. Its solutions are tailored for B2B marketplaces, platforms, and fintechs, with a focus on compliance and scalability in emerging and developed markets.
