Tazapay has closed its Series B funding round led by Peak XV Partners with participation from Ripple, Circle Ventures, Norinchukin Capital, and GMO VenturePartners. The company will use the funding to scale its licensing roadmap, expand into new markets, and strengthen its next-generation cross-border payment infrastructure.
SINGAPORE, 28 AUGUST 2025 – Tazapay, a global cross-border payments infrastructure platform, has successfully closed its Series B funding round, led by existing investor Peak XV Partners. The round also saw participation from Ripple (US), Circle Ventures, Norinchukin Capital (Japan), GMO VenturePartners (Japan), as well as existing investors January Capital and ARC180.
Tazapay provides seamless local collection and payout capabilities across more than 70 markets, processing over US$10 billion in annualized payment volume. The platform has achieved operational breakeven and is growing at 300% year-over-year, serving global enterprises and platforms across multiple industries.
The company’s platform offers comprehensive coverage across alternative payment methods, cards, virtual bank accounts, payouts, and stablecoins — underpinned by institutional-grade security and multi-jurisdictional compliance. Its robust fiat bridge for stablecoin settlements provides a crucial link for emerging markets.
With regulatory licenses already secured in Singapore, Canada, and the EU, Tazapay plans to use the new funding to accelerate its global licensing strategy. Applications are underway in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore.
“We’re entering the next chapter of our journey — one where modern payment technologies, regulatory compliance, and partnerships with global leaders will enable the future of cross-border commerce,” said Rahul Shinghal, Co-founder and CEO of Tazapay. “With this round, we are investing in our vision to become the global infrastructure provider for payment collection and payouts, and to serve as a fiat bridge for stablecoins in emerging markets.”
Investments from Ripple and Circle — leaders in blockchain and stablecoin-based payments — underscore Tazapay’s role in connecting traditional finance with the digital economy. “The future of global payments depends on the convergence of traditional and digital finance. Tazapay is a clear leader in building these essential, compliant last-mile connections,” said Eric Jeck, SVP Corporate and Business Development at Ripple.
Backed by GMO VenturePartners and Norinchukin Capital, Tazapay will also expand into Japan, enabling local payment methods for its global customers and establishing a dedicated sales team to help Japanese enterprises scale internationally.
Tazapay’s infrastructure is built for high-trust, regulated cross-border payments serving B2B marketplaces, platforms, and fintechs. The company is investing further in modern payment rails such as real-time payments (RTP), ACH, and stablecoins to deliver a future-ready payment experience for businesses worldwide.
