Singapore-based Tazapay closed a $36 million Series B extension on March 26, 2026, led by Circle Ventures, adding crypto-native investors CMT Digital and Coinbase Ventures to its cap table and bringing total Series B funding to $36 million. The raise signals continued institutional appetite for regulated cross-border payment infrastructure serving emerging markets across Asia, Latin America, and the Middle East.
Key Facts At A Glance
- Tazapay closed its Series B extension on March 26, 2026, with Circle Ventures as lead investor
- The extension brings total Series B funding to $36 million; the initial Series B tranche was raised in August 2025 with its exact size not publicly disclosed at the time
- New investors CMT Digital and Coinbase Ventures joined existing backers including Peak XV Partners, GMO Venture Partners, January Capital, Ripple, Norinchukin Capital, ARC180, and RTP Global
- Tazapay operates payment rails across 70 markets and serves more than 1,000 enterprises, fintechs, and web3 companies across 30 countries
- The company reported revenue doubling for three consecutive years and reaching operational breakeven as of August 2025
- Tazapay holds licenses and registrations in Singapore, Canada, Australia, and the United States, with active applications underway in the UAE, EU, and Hong Kong
- The company was founded in Singapore in April 2020 by Rahul Shinghal, Saroj Mishra, and Arul Kumaravel
- Proceeds are earmarked for licensing expansion, go-to-market acceleration in Asia, Latin America, the Middle East, and the Americas, and development of agentic payment infrastructure
Company And Funding Background
Tazapay was founded in Singapore in April 2020 by Rahul Shinghal, Saroj Mishra, and Arul Kumaravel. Shinghal, who serves as Chief Executive Officer, previously held senior roles at Stripe, PayPal, and NETS across Asia Pacific markets. The company was built to address a persistent gap in cross-border trade settlement for businesses operating in emerging markets, where legacy correspondent banking infrastructure is slow, expensive, or inaccessible.
The company raised its initial Series B tranche in August 2025, led by Peak XV Partners with participation from Ripple, Circle Ventures, Norinchukin Capital, and GMO Venture Partners. At the time of that round, Tazapay reported processing more than $10 billion in annualized payment volume and had reached operational breakeven while growing at 300 percent year-over-year. The size of the initial Series B tranche was not publicly disclosed.
The March 26, 2026 extension, bringing the combined Series B total to $36 million, introduced two new crypto-native institutional investors and reaffirmed the position of Circle Ventures, which moved from a participating role in the initial tranche to lead investor in the extension.
The Investor Signal
The composition of the extension round carries strategic weight beyond the capital amount. Circle, the issuer of USDC, and Ripple, a blockchain payments network, are both existing investors with direct business interests in stablecoin-to-fiat settlement infrastructure. The addition of Coinbase Ventures and CMT Digital, both crypto-native investors, expands the investor base toward firms with institutional stakes in on-chain commerce.
Brian Schultz, Vice President at Circle Ventures, stated that stablecoin adoption in cross-border commerce depends on regulated and operationally reliable infrastructure, adding that Tazapay’s licensing footprint and local market integration address an essential requirement for enterprise stablecoin-to-fiat settlement.
The investor mix reflects a broader market thesis: that the primary commercial opportunity in stablecoin payments lies not in the issuance layer but in the regulated, last-mile infrastructure connecting digital assets to fiat systems in markets where traditional rails are insufficient.
Use Of Funds And Strategic Direction
Tazapay has identified three primary uses for the extension capital. The first is licensing expansion, with active applications already underway in the UAE, EU, and Hong Kong to deepen its regulatory footprint and open new payment corridors. The second is go-to-market acceleration across Asia, Latin America, the Middle East, and the Americas, markets the company describes as having unmet demand for compliant, modern payment infrastructure.
The third use is the development of what Tazapay describes as agentic payment infrastructure. The company states its flexible payment rails and rules engine are designed to support autonomous, AI-driven payment flows, enabling developers and enterprises to build automated payment systems on top of fully licensed and compliant infrastructure. This positions Tazapay at the intersection of cross-border payments and the emerging category of AI-directed financial operations.
Kanupriya Sharda, Chief Business Officer at Tazapay, stated that enterprises and fintechs across Asia, Latin America, and the Middle East are asking to move money faster, cheaper, and with full regulatory confidence, and that the Series B extension provides the capital to scale go-to-market efforts across those corridors.
Market Context
The raise arrives as stablecoin infrastructure investment is accelerating across the payments sector. Mastercard agreed to acquire stablecoin infrastructure provider BVNK for up to $1.8 billion earlier in March 2026, and Nium launched a dual-network stablecoin card issuance platform on March 30, the same week as Tazapay’s extension announcement. These developments reflect a convergence of traditional payments networks and digital asset infrastructure at the enterprise layer.
CEO Rahul Shinghal has previously stated publicly that stablecoins are expected to help drive a threefold increase in Tazapay’s revenue in 2026, and that the company is differentiating itself by positioning as an emerging markets anchor, with most of its transactions involving at least one emerging market counterpart.
Publicly available information on the specific size of the initial Series B tranche from August 2025, individual per-market revenue figures, or the terms of individual investor agreements remains limited as of the date of this report.