Circle backs Tazapay extension, boosting Series B to $36M

Tazapay, a cross-border payment infrastructure provider, has closed an extension to its Series B funding round, lifting total funding to $36 million. The extension was led by Circle Ventures and included participation from Coinbase Ventures, CMT Digital, Peak XV Partners and Ripple. The new capital will be used to expand digital settlement technology for cross-border payments, secure additional licenses, broaden geographic reach across Asia, Latin America, the Middle East and the Americas, and build infrastructure for what the company calls “agentic payments.”

Tazapay serves more than 1,000 enterprises and fintechs across 30 countries, and holds licenses in Singapore, Canada, Australia and the United States, with active applications underway in the European Union, United Arab Emirates and Hong Kong. “The demand we’re seeing from enterprises and fintechs across Asia, LATAM, and the Middle East is unmistakable; businesses want to move money faster, cheaper, and with full regulatory confidence,” said Kanupriya Sharda, chief business officer at Tazapay.

Cointelegraph asked Tazapay for the size of the extension tranche and the company’s valuation, but did not receive a response by publication.

Related: Ripple joins Singapore sandbox to test RLUSD in trade finance

Key takeaways

• Tazapay’s Series B extension brings total fundraising to $36 million, with Circle Ventures leading and participation from Coinbase Ventures, CMT Digital, Peak XV Partners and Ripple.


• The fresh capital targets expansion of cross-border digital settlement tech, licensing pursuits, and regional growth into Asia, LATAM, the Middle East and the Americas, plus development of “agentic payments.”


• The funding news comes against a backdrop of growing interest in stablecoin–based cross-border rails, with Ripple expanding its institutional stablecoin platform to over 60 markets and processing more than $100 billion in volume.


• Other early-stage fintechs are also scaling stablecoin–fiat payment networks, such as Conduit, which raised $36 million in May 2025 to broaden its fiat and stablecoin offerings and serve as an alternative to SWIFT.


• Regulatory licensing, interoperability, and real-world adoption remain pivotal for pushing these rails from pilots to mainstream use.

Tazapay’s expansion blueprint and regulatory footprint

According to the company, the new funding will accelerate the rollout of its cross-border settlement technology by pursuing additional licensing and expanding in key regions, including Asia, Latin America, the Middle East and the Americas. Tazapay currently maintains licenses in Singapore, Canada, Australia and the United States, with active applications in the European Union, United Arab Emirates and Hong Kong. The firm reported serving more than 1,000 enterprises and fintechs across 30 markets, underscoring growing demand for faster, cheaper, and regulation-compliant cross-border payments. The chief business officer, Kanupriya Sharda, highlighted “unmistakable” demand from enterprises and fintechs across Asia, LATAM, and the Middle East for improved money movement capabilities.

Stablecoins and the race to upgrade cross-border rails

The extension of Tazapay’s Series B comes as a wave of fintech and crypto companies push to embed stablecoins into cross-border payment workflows. Ripple, for example, has expanded Ripple Payments into an end-to-end stablecoin and fiat platform for banks and fintechs. The platform is live in more than 60 markets and has processed over $100 billion in volume, signaling a meaningful move toward institutional-grade stablecoin rails in global payments.

In the same ecosystem, regulatory and sandbox activity around stablecoins continues. For instance, Ripple recently joined Singapore’s sandbox to test RLUSD in trade finance, illustrating how regulated pilots are shaping the rollout of new settlement tools across jurisdictions.

Beyond Tazapay and Ripple, the market has seen other notable fundraising tied to cross-border rails. In May 2025, Conduit announced a $36 million Series A round led by Dragonfly and Altos Ventures to scale its fiat and stablecoin payment network, positioning the project as a potential alternative to traditional messaging corridors such as SWIFT.

These developments reflect a broader industry shift: a push to replace or augment legacy rails with programmable, regulator-friendly settlement networks built on stablecoins and crypto rails, designed to cut settlement times and costs while preserving compliance and risk controls.

What this means for readers and market watchers

For investors, Tazapay’s extension signals continued appetite for platforms that can operationalize cross-border liquidity with robust licensing and multi-jurisdictional reach. For enterprises and fintechs, the move reinforces a trend toward using stablecoin-based settlement to reduce friction in international payments while maintaining regulatory confidence. For builders, the emphasis on “agentic payments”—where payment flows can be orchestrated and automated at the edge of networks—points to a future where payment rails are more integrated with enterprise workflows and financial ecosystems.

As the sector scales, observers will want to watch licensing progress, regional execution, and the ability of these platforms to deliver truly cost-effective and faster settlement at scale. Regulatory clarity across key markets—especially around stablecoins and cross-border fintech operations—will continue to shape how quickly and broadly these rails can be adopted.

Readers should keep an eye on further disclosures from Tazapay about the extension’s size and valuation, as well as ongoing updates from Ripple, Conduit and other players as they publish new milestones and regulatory milestones in the coming quarters.

The story continues to unfold as more regional licenses, pilot programs, and enterprise deployments come online, potentially reshaping the architecture of global payments over the next few years.

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