Tazapay, a global cross-border payments infrastructure platform, has raised an undisclosed amount in its Series B funding round led by Peak XV Partners.
The round also saw participation from Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan) and existing investors, January Capital and ARC180.
The fresh funds raised will be used to further invest in modern payment rails such as real-time payments (RTP), ACH, and stablecoins, delivering a future-ready payment experience for global businesses.
The funds will also be used to accelerate its licensing roadmap across key global markets. Applications are underway for licenses in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore.
Founded in 2021 by Rahul Shinghal (CEO), Saroj Mishra (COO) and Arul Kumaravel (CTO), Tazapay is a Singapore-based fintech company that provides seamless local collection and payout capabilities in over 70 markets, supporting a growing base of global enterprises and platforms across industries.
Tazapay processes more than $10 billion in annualized payment volume, has reached operational breakeven, and is growing at 300% year-over-year.
The platform delivers comprehensive coverage across alternative payment methods, cards, virtual bank accounts, payouts and stablecoins.
Tazapay’s infrastructure supports high-trust, regulated cross-border payment solutions for B2B marketplaces, platforms, and fintechs.
The company is already licensed in Singapore, Canada, and the EU.
Rahul Shinghal, Co-founder and CEO of Tazapay, said, “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. 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.”
Eric Jeck, SVP Corporate and Business Development at Ripple, said, “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. 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.”
