Tazapay secures investment from Ripple and Circle Ventures: Accelerating cross-border payment layout, opening up fiat and stablecoin Settlement channels.

Singapore's cross-border payment platform Tazapay announced on August 27 that it has completed a Series B funding round, receiving investments from well-known institutions such as Ripple and Circle Ventures. The platform processes over $10 billion in payments annually, with an annual growth rate of 300%. It plans to use the new funds to accelerate license applications in the United States, the UAE, Hong Kong, and to deepen the Settlement infrastructure for fiat and stablecoin.

1. Series B financing landing: Top blockchain institutions join forces to layout.

Tazapay's Series B financing was led by Peak XV Partners (formerly Sequoia India and Southeast Asia), with participation from Ripple (USA), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan). Existing investors January Capital and ARC180 also continued to increase their investments. Although the specific financing amount has not been disclosed, this round of financing brings together top capital from traditional finance and the crypto sector, highlighting the market's recognition of Tazapay's business model.

2. Connecting fiat and stablecoin: Infrastructure expansion boosts emerging markets

As a project jointly invested by Circle, the issuer of USDC, and Ripple, the company behind XRP Ledger, Tazapay will deepen its construction of fiat-stablecoin settlement channels in emerging markets. Currently, the platform's annual payment processing volume has exceeded $10 billion, with an annual growth rate of 300%. It supports various services such as alternative payment methods, credit cards, virtual accounts, bulk payments, and stablecoin settlement, becoming a key bridge between traditional finance and the digital currency ecosystem.

3. Global licenses accelerate implementation: the US, Japan, and the Middle East become key targets.

Tazapay has obtained payment licenses in Singapore, Canada, and the European Union. After this round of financing, it will accelerate the application for licenses in the United States, the United Arab Emirates, Hong Kong, Australia, and plans to apply for a Digital Payment Token (DPT) license in Singapore. Through partnerships with GMO VenturePartners and Norinchukin Capital, the company will also enter the Japanese market. Notably, Tazapay has currently achieved operational breakeven and has the capacity for sustainable expansion.

4. B2B payment track upgrade: compliance and innovation driving dual wheels

Tazapay was established in 2020, focusing on providing compliant payment solutions for B2B e-commerce platforms, multinational corporations, and fintech companies. With the ecosystem resources of Ripple and Circle, it is expected to further integrate traditional banking operations with blockchain payment networks, promoting the efficiency of cross-border Settlement and cost optimization.

[Conclusion]

The latest round of financing for Tazapay not only confirms institutions' optimism about the trend of "traditional finance + cryptocurrency" integration but also highlights Singapore's position as a global hub for payment innovation. With the improvement of licensing arrangements and technological infrastructure, Tazapay may become a key player in the cross-border payment field, especially gaining an advantage in the stablecoin Settlement track in emerging markets.