Tazapay, a global cross-border payments platform, has closed its Series B funding round with backing from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan).
The round was led by existing investor Peak XV Partners, with two other current investors, January Capital and ARC180, also participating.
Tazapay offers easy local collection and payout services in over 70 markets, supporting a wide range of global businesses and platforms across different industries.
The company handles more than $10 billion in annual payment volume, has already reached operational breakeven, and is growing at a rate of 300% year-over-year.
Tazapay offers a unique and advanced product that clients value for its wide range of features. The platform supports various payment options, including alternative payment methods credit and debit cards, virtual bank accounts, payouts, and stablecoins.
It also provides strong security and compliance across different countries, along with a reliable fiat bridge for stablecoin settlements in emerging markets. Together, this makes Tazapay a powerful all-in-one solution for global businesses.
The company is already licensed to operate in Singapore, Canada, and the EU. With the new funding, it plans to speed up getting licenses in more key markets.
It is currently applying for licenses in the UAE, US, Hong Kong, Australia, and also 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 not just capitalizing 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. One of the key use cases this infrastructure serves is being the Fiat bridge for stablecoins in emerging markets.”
Investments from Ripple and Circle — two major global leaders in blockchain and stablecoin payments — underscore Tazapay’s role in bridging traditional finance with the rapidly growing world of digital currencies.
Tazapay already has one of the largest fiat collection networks in emerging markets, and these partnerships will help strengthen and expand that network even further.
The future of global payments depends on the seamless convergence of traditional and digital finance. Tazapay is a clear leader in building these essential, compliant last-mile connections, especially in emerging markets,” said Eric Jeck, SVP Corporate and Business Development at Ripple. “We’re proud to invest in Tazapay in this next phase of their growth, and together provide best-in-class payment solutions in key regions such as APAC.
The investments from GMO VenturePartners and Norinchukin Capital will speed up Tazapay’s growth in Japan. With these partnerships, Tazapay will add local Japanese payment methods for its global customers and set up a dedicated sales team in Japan to help Japanese businesses expand worldwide.
Tazapay provides secure and regulated cross-border payment solutions for B2B marketplaces, platforms, and fintech companies. It also plans to invest more in modern payment systems like real-time payments (RTP), ACH, and stablecoins to offer faster and future-ready payment options for global businesses.
With strong support from leading investors, solid fintech expertise and a clear regulatory strategy, Tazapay is well-positioned to lead the shift in cross-border payments — connecting traditional banking with the new era of safe, borderless digital finance.
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