Cross-border payment infrastructure provider Tazapay said it closed an extension to its Series B funding round led by Circle Ventures, bringing the total raised to $36 million. The round also included participation from Coinbase Ventures, CMT Digital, Peak XV Partners and Ripple.
Tazapay said the new capital will be used to expand its digital settlement technology for cross-border payments, secure additional licenses, grow across Asia, Latin America, the Middle East and the Americas, and build infrastructure for so-called “agentic payments.”
The company serves more than 1,000 enterprises and fintechs across 30 countries. It holds licences in Singapore, Canada, Australia and the United States, with active applications under review in the European Union, the United Arab Emirates and Hong Kong.
“The demand we’re seeing from enterprises and fintechs across Asia, LATAM, and the Middle East is unmistakable; businesses want to move money faster, cheaper, and with full regulatory confidence,” said Kanupriya Sharda, chief business officer at Tazapay.
Cointelegraph asked Tazapay whether it would disclose the size of the extension tranche and the company’s valuation, but had not received a response by publication.
Tazapay founding team. Left to right: Aayush Singhania (CPO), Kanupriya Sharda (CBO), and Rahul Shinghal (CEO). Source: Tazapay
Stablecoin payment infrastructure draws backers
The extension comes as crypto and fintech firms push deeper into stablecoin-based cross-border payments infrastructure. On March 3, Ripple said it had expanded Ripple Payments into an end-to-end stablecoin and fiat platform for banks and fintechs, reporting the platform is live in over 60 markets and has processed more than $100 billion in volume.
In May 2025, Boston-based cross-border payments company Conduit raised $36 million in a Series A round led by Dragonfly and Altos Ventures to scale its payment system and broaden fiat and stablecoin currency offerings. Conduit positions its system as an alternative to the SWIFT messaging network, which banks have relied on for wire transfers for decades.
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