Singapore-based payments infrastructure provider Tazapay has closed a Series B extension led by Circle Ventures, bringing its total Series B funding to $36 million.
The funding comes as the startup looks to expand its regulatory licenses and scale cross-border payment services across emerging markets.
New investors CMT Digital and Coinbase Ventures joined the extension round alongside Circle Ventures, Peak XV Partners, GMO Venture Partners and January Capital, the company said in a statement.
Existing backers include Ripple, Norinchukin Capital, ARC180 and RTP Global.
The fresh capital will be used to expand Tazapay’s licensing footprint across multiple jurisdictions, which the company said is central to opening new payment corridors in Asia, Latin America, the Middle East and the Americas.
It also plans to step up its go-to-market efforts in those regions, where businesses are increasingly seeking faster and cheaper ways to move money across borders without running into regulatory uncertainty.
Tazapay said it has positioned itself as a regulated cross-border payments platform serving businesses in Asia Pacific and other emerging markets, where traditional banking infrastructure can be slow, fragmented or costly.
Its platform uses digital settlement technology and a per-transaction funding model that it says allows real-time and more capital-efficient transactions at scale.
The company currently holds licenses and registrations in Singapore, Canada, Australia, and the United States, while applications are underway in the United Arab Emirates, the European Union, and Hong Kong.
Part of the new funding will also go toward building what Tazapay described as “agentic” payment infrastructure, aimed at supporting autonomous and AI-driven payment flows.
The company said its payment rails and rules engine are designed to help developers and enterprises build automated payment systems on top of licensed and compliant infrastructure.
Chief Business Officer Kanupriya Sharda said demand from enterprises and fintechs across Asia, Latin America and the Middle East showed that businesses want to move money faster, more cheaply and with greater regulatory certainty.
She said the backing from Circle Ventures, alongside new investors CMT Digital and Coinbase Ventures, would help the company accelerate expansion in markets where that need is most acute.
Brian Schultz, vice president at Circle Ventures, said stablecoin adoption in cross-border commerce would require regulated and operationally reliable infrastructure, adding that Tazapay’s licensing footprint and local market integrations address a key requirement for enterprise stablecoin-to-fiat settlement.
The funding underscores how investor interest in payments infrastructure is shifting toward regulated cross-border platforms rather than pure crypto or consumer fintech plays.
Tazapay’s pitch sits at the intersection of compliance, stablecoin-linked settlement and emerging-market commerce. That makes it timely, especially as enterprises look for alternatives to legacy correspondent banking rails.