Tazapay Raises $36M in Series B Extension Led by Circle Ventures to Expand Cross-Border Payment Infrastructure

Tazapay, a leading payment infrastructure provider, has secured a Series B extension led by Circle Ventures, bringing its total Series B funding to $36 million. The extension, which includes new investors CMT Digital and Coinbase Ventures, is a testament to the growing demand for Tazapay's regulated, last-mile infrastructure that utilizes modern digital settlement technology to facilitate cross-border payments in emerging markets.

Tazapay's platform has demonstrated consistent growth, doubling revenues for three consecutive years and serving over 1,000 enterprises and fintechs across 30 countries. The latest funding will support the company's expansion across Asia, LATAM, and the Middle East. The company's Chief Business Officer, Kanupriya Sharda, expressed that Tazapay is well-positioned to address the need for faster, more cost-effective cross-border transactions while maintaining regulatory compliance.

Circle Ventures' Vice President, Brian Schultz, emphasized the importance of regulated infrastructure for stablecoin adoption in cross-border commerce, citing Tazapay's licensing footprint and local market integration. Tazapay, with licenses and registrations in multiple countries and active applications in progress, is set to further strengthen its presence in the global payment infrastructure landscape.