PANews, March 26: According to Tech in Asia, Singapore-based cross-border payments company Tazapay has completed a B-round extension round led by Circle Ventures, bringing the total B-round funding to $36 million. New investors include CMT Digital and Coinbase Ventures, joining Circle Ventures, Peak XV Partners, January Capital, and GMO Venture Partners in this extension round. Existing investors include Ripple, Norinchukin Capital, ARC180, and RTP Global. Tazapay is focused on building payment infrastructure for cross-border transaction settlements for businesses. It currently holds licenses or has completed registration in Singapore, Canada, Australia, and the United States, and is applying for relevant licenses in the UAE, the European Union, and Hong Kong. The company stated that the proceeds from this round will be used to obtain additional regulatory approvals and develop automated payment processing products.
Tazapay Completes a $36 Million Series B Extension Led by Circle Ventures
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Summary
Tazapay has secured a $36 million B-round extension led by Circle Ventures, with CMT Digital and Coinbase Ventures joining as new investors. Ripple, Norinchukin Capital, and GMO Venture Partners also participated. The funding will support regulatory expansion and automated payment tools. Liquidity and crypto markets remain a focus as the firm scales. The capital gains tax implications of its growth strategy are under close scrutiny by investors.
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