Tazapay, a Singapore-based cross-border payments infrastructure company focused on stablecoin-to-fiat settlement, closed a Series B extension led by Circle Ventures, bringing its total Series B funding to $36 million. The extension introduced CMT Digital and Coinbase Ventures as new backers.
Funding Round
The latest financing was led by Circle Ventures, the venture arm of USDC issuer Circle. New participants in the extension include CMT Digital and Coinbase Ventures. The additional capital lifts Tazapay’s total Series B raise to $36 million.
Focus on Stablecoin-to-Fiat Payments
Tazapay builds cross-border payments infrastructure designed to help businesses move value across markets, with an emphasis on converting stablecoin payments into local fiat currencies. The company aims to expand this capability in emerging markets, where demand for faster, lower-cost settlement and improved access to global commerce continues to grow.
Why It Matters
Stablecoins are increasingly used as a settlement rail for international commerce. Funding for companies like Tazapay underscores investor interest in infrastructure that connects digital dollars to local banking systems, potentially reducing friction and costs for cross-border transactions while improving speed and reach.
Company Background
Headquartered in Singapore, Tazapay focuses on enabling compliant, scalable cross-border collections and payouts. The company’s latest raise supports its plans to accelerate product development and market expansion in regions where digital asset–to–fiat conversion can enhance payment efficiency.