Tazapay Closes $36M Series B Extension Led by Circle

Singapore-based fintech company Tazapay has closed a $36 million extension to its Series B funding round, led by Circle Ventures, as it seeks to expand its cross-border payment infrastructure amid rising demand for stablecoin-enabled settlements. The announcement, made this week, brings the company's total Series B funding to $36 million and underscores investor interest in regulated digital payment rails connecting emerging markets.

The extension includes new investments from Coinbase Ventures and CMT Digital, alongside participation from existing backers such as Peak XV Partners, GMO Venture Partners, January Capital, Ripple, Norinchukin Capital, ARC180, and RTP Global. Tazapay, founded in 2020 by CEO Rahul Shinghal, Chief Business Officer Kanupriya Sharda, and Chief Product Officer Aayush Singhania, operates as a last-mile settlement layer that converts stablecoins like USDC into local fiat currencies for business payouts. This approach aims to streamline cross-border transactions by bridging digital assets with traditional banking systems, replacing slower correspondent banking routes.

Currently, Tazapay serves more than 1,000 enterprises, fintechs, marketplaces, neobanks,...