Tazapay said it closed an extension to its Series B round led by Circle Ventures, bringing total funding to $36 million. Additional participants in the tranche included Coinbase Ventures, CMT Digital, Peak XV Partners and Ripple. The company did not disclose the size of the extension tranche or its post-money valuation by the time of publication.
The fintech plans to use the new capital to scale its digital settlement technology for cross-border payments, pursue further licensing, expand across Asia, Latin America, the Middle East and the Americas, and develop infrastructure for so-called ‘agentic payments.’ Tazapay currently serves more than 1,000 enterprises and fintechs across about 30 countries. It holds licences in Singapore, Canada, Australia and the United States, and has active regulatory applications under review in the European Union, the United Arab Emirates and Hong Kong.
Kanupriya Sharda, Tazapay’s chief business officer, said demand from enterprises and fintechs across Asia, LATAM and the Middle East is clear, with businesses seeking faster, cheaper transfers and strong regulatory assurances. The Tazapay founding team includes Aayush Singhania (CPO), Kanupriya Sharda (CBO) and Rahul Shinghal (CEO).
This financing comes as crypto and payments firms continue to build out stablecoin-based cross-border rails. Ripple recently expanded Ripple Payments into an end-to-end stablecoin and fiat platform for banks and fintechs, saying the platform is live in more than 60 markets and has processed over $100 billion in volume. In a separate move, Boston-based Conduit raised $36 million in a May 2025 Series A led by Dragonfly and Altos Ventures to scale its payments system and widen fiat and stablecoin currency support, positioning its solution as an alternative to the long-standing SWIFT wire network.
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