Tazapay, a cross-border payment infrastructure provider, has announced the close of an extension to its Series B funding round, bringing its total capital raised to $36 million. The extension was led by Circle Ventures and included participation from Coinbase Ventures, CMT Digital, Peak XV Partners, and Ripple. The company made the announcement on Thursday, though it did not disclose the specific size of the extension tranche or its current valuation.
Tazapay says the fresh capital will be directed toward several strategic priorities. These include expanding its digital settlement technology for cross-border transactions, securing additional regulatory licenses, and growing its presence across Asia, Latin America, the Middle East, and the Americas. The company also plans to build infrastructure for what it describes as “agentic payments,” a category of automated, AI-driven payment processing.
The company currently serves more than 1,000 enterprises and fintech firms across 30 countries. It holds active licenses in Singapore, Canada, Australia, and the United States, with applications pending in the European Union, the United Arab Emirates, and Hong Kong. This regulatory footprint positions Tazapay to operate across multiple major financial jurisdictions.
Kanupriya Sharda, chief business officer at Tazapay, pointed to strong demand from enterprise and fintech clients as a key driver of the company’s growth. “Businesses want to move money faster, cheaper, and with full regulatory confidence,” Sharda said, referencing interest from clients across Asia, Latin America, and the Middle East. The company sees this demand as a signal of broader market momentum toward faster, more compliant cross-border settlement.
The funding extension arrives at a time when crypto and fintech companies are increasingly investing in stablecoin-based cross-border payment infrastructure. Ripple, one of Tazapay’s investors, announced in March that it had expanded Ripple Payments into a full end-to-end platform supporting both stablecoins and fiat currencies for banks and fintechs. That platform is reported to be live in more than 60 markets and has processed over $100 billion in total volume.
Tazapay is not alone in attracting significant investment in this space. In May 2025, Boston-based cross-border payments firm Conduit raised $36 million in a Series A round led by Dragonfly and Altos Ventures, with plans to scale its payment system and broaden its fiat and stablecoin currency offerings. Conduit markets its platform as an alternative to the SWIFT messaging network, which financial institutions have used to process international wire transfers since the 1970s. The parallel fundraises reflect a wider industry push to modernize and decentralize global payment rails.
Originally reported by CoinTelegraph.
