Ripple and Circle back Singapore payments firm Tazapay in $10bn network
Singapore-based payments platform Tazapay announced on 27 August that it had closed its Series B funding round, bringing in new backers including Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital of Japan, and GMO VenturePartners of Japan.
Existing investors January Capital and ARC180 also joined the round.
The company did not disclose the size of the investment but highlighted its operational scale, licensing push, and plans for geographic expansion.
With Ripple and Circle now on board, Tazapay is positioning itself at the centre of the bridge between traditional finance and blockchain-based settlement rails.
Ripple and Circle back stablecoin settlements
Ripple and Circle, two of the most prominent players in blockchain and stablecoin payments, are expected to help strengthen Tazapay’s fiat-to-stablecoin settlement rails in emerging markets.
Circle, the issuer of USD Coin (USDC), and Ripple, which is behind the XRP Ledger, will support the company in scaling stablecoin adoption for business-to-business (B2B) payments.
Tazapay already processes more than $10 billion in annualised payment volume and has recorded 300% year-over-year growth.
Its platform covers alternative payment methods, cards, virtual accounts, payouts, and stablecoin settlements, giving it a wide reach across industries.
The firm’s positioning with established blockchain players highlights its ambitions to accelerate stablecoin integration into regulated financial environments.
This development comes as more corporates and fintechs adopt stablecoin settlement to reduce cross-border transfer costs and improve payment transparency, especially in underserved regions.
Global licensing drive and market expansion
The fresh capital will help Tazapay speed up its licensing efforts in multiple jurisdictions. The firm currently holds licences in Singapore, Canada, and the European Union, and it is preparing applications for the US, UAE, Hong Kong, and Australia.
In Singapore, the business is also seeking a Digital Payment Token licence, which will further strengthen its regulatory standing in one of the world’s most tightly monitored fintech hubs.
Partnerships with GMO VenturePartners and Norinchukin Capital are set to support entry into Japan, expanding beyond its existing Asian and global coverage.
By extending its regulatory footprint, Tazapay is positioning itself to compete with larger cross-border payment providers that are also entering blockchain-based settlement.
B2B payments platform reaches breakeven
Founded in 2020, Tazapay has achieved operational breakeven while positioning itself as a regulated and reliable platform for B2B marketplaces, multinational corporations, and fintechs.
The company has become recognised for offering cross-border payment solutions that integrate traditional banking systems with digital asset infrastructure.
With the involvement of Ripple and Circle, the firm expects to scale faster in emerging markets where demand for stablecoin-based settlements is rising.
By combining established regulatory approvals with blockchain partnerships, Tazapay is aiming to play a major role in global financial integration.
Its ability to secure backing from both venture firms and established blockchain players reflects growing investor confidence in regulated fintech infrastructure that supports both fiat and stablecoin ecosystems.
The post Ripple and Circle back Singapore payments firm Tazapay in $10bn network appeared first on Invezz
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Ripple and Circle back Singapore payments firm Tazapay in $10bn network
Singapore-based payments platform Tazapay announced on 27 August that it had closed its Series B funding round, bringing in new backers including Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital of Japan, and GMO VenturePartners of Japan.
Existing investors January Capital and ARC180 also joined the round.
The company did not disclose the size of the investment but highlighted its operational scale, licensing push, and plans for geographic expansion.
With Ripple and Circle now on board, Tazapay is positioning itself at the centre of the bridge between traditional finance and blockchain-based settlement rails.
Ripple and Circle back stablecoin settlements
Ripple and Circle, two of the most prominent players in blockchain and stablecoin payments, are expected to help strengthen Tazapay’s fiat-to-stablecoin settlement rails in emerging markets.
Circle, the issuer of USD Coin (USDC), and Ripple, which is behind the XRP Ledger, will support the company in scaling stablecoin adoption for business-to-business (B2B) payments.
Tazapay already processes more than $10 billion in annualised payment volume and has recorded 300% year-over-year growth.
Its platform covers alternative payment methods, cards, virtual accounts, payouts, and stablecoin settlements, giving it a wide reach across industries.
The firm’s positioning with established blockchain players highlights its ambitions to accelerate stablecoin integration into regulated financial environments.
This development comes as more corporates and fintechs adopt stablecoin settlement to reduce cross-border transfer costs and improve payment transparency, especially in underserved regions.
Global licensing drive and market expansion
The fresh capital will help Tazapay speed up its licensing efforts in multiple jurisdictions. The firm currently holds licences in Singapore, Canada, and the European Union, and it is preparing applications for the US, UAE, Hong Kong, and Australia.
In Singapore, the business is also seeking a Digital Payment Token licence, which will further strengthen its regulatory standing in one of the world’s most tightly monitored fintech hubs.
Partnerships with GMO VenturePartners and Norinchukin Capital are set to support entry into Japan, expanding beyond its existing Asian and global coverage.
By extending its regulatory footprint, Tazapay is positioning itself to compete with larger cross-border payment providers that are also entering blockchain-based settlement.
B2B payments platform reaches breakeven
Founded in 2020, Tazapay has achieved operational breakeven while positioning itself as a regulated and reliable platform for B2B marketplaces, multinational corporations, and fintechs.
The company has become recognised for offering cross-border payment solutions that integrate traditional banking systems with digital asset infrastructure.
With the involvement of Ripple and Circle, the firm expects to scale faster in emerging markets where demand for stablecoin-based settlements is rising.
By combining established regulatory approvals with blockchain partnerships, Tazapay is aiming to play a major role in global financial integration.
Its ability to secure backing from both venture firms and established blockchain players reflects growing investor confidence in regulated fintech infrastructure that supports both fiat and stablecoin ecosystems.
The post Ripple and Circle back Singapore payments firm Tazapay in $10bn network appeared first on Invezz
Read More
Google to invest $9 billion in Virginia data centres and AI expansion through 2026