Singapore-based payment infrastructure provider Tazapay has closed its Series B expansion led by Circle Ventures, bringing its total Series B funding to $36 million.
The funding comes as the startup looks to expand its regulatory licenses and scale its cross-border payment services in emerging markets.
In the company’s statement, it was stated that new investors CMT Digital and Coinbase Ventures participated in the extension round along with Circle Ventures, Peak XV Partners, GMO Venture Partners and Ocak Capital.
Current backers include Ripple, Norinchukin Capital, ARC180 and RTP Global.
The new capital will be used to expand Tazapay’s licensing footprint across multiple jurisdictions, which the company said plays a central role in opening new payment corridors in Asia, Latin America, the Middle East and the Americas.
The company also plans to accelerate its go-to-market efforts in these regions, where businesses are increasingly looking for faster and cheaper ways to move money across borders without facing regulatory uncertainty.
Tazapay said it is positioning itself as a regulated cross-border payments platform serving businesses in Asia Pacific and other emerging markets where traditional banking infrastructure may be slow, fragmented or costly.
Its platform uses digital payment technology and a per-transaction financing model that it says allows real-time and more capital-efficient transactions at scale.
The company currently has licenses and registrations in Singapore, Canada, Australia and the USA; Applications are still ongoing in the United Arab Emirates, the European Union and Hong Kong.
Some of the new funding will also go towards building what Tazapay describes as “agency” payment infrastructure aimed at supporting autonomous and AI-driven payment flows.
The company said its payment rails and rules engine are designed to help developers and organizations build automated payment systems on licensed and compliant infrastructure.
Chief Operating Officer Kanupriya Sharda said demand from businesses and fintechs in Asia, Latin America and the Middle East shows businesses want to move money faster, cheaper and with more regulatory certainty.
He said the support from new investors CMT Digital and Coinbase Ventures, as well as Circle Ventures, will help the company accelerate growth in markets where the need is most acute.
Brian Schultz, vice president of Circle Ventures, said stablecoin adoption in cross-border commerce will require a regulated and operationally reliable infrastructure, adding that Tazapay’s licensing footprint and local market integrations meet a key requirement for the enterprise stablecoin-to-fiat transition.
The funding underscores how investor interest in payments infrastructure is shifting to regulated cross-border platforms rather than pure crypto or consumer fintech plays.
Tazapay’s business lies at the intersection of compliance, stablecoin-related payments and emerging market trading. This makes this especially timely at a time when businesses are looking for alternatives to the old rails of correspondent banking.
