Circle, Coinbase and Ripple back Tazapay’s $36M raise

Tazapay has extended its Series B funding round and raised total capital to $36 million. The new funding comes as stablecoin-based payment infrastructure continues to attract backing from crypto and fintech investors focused on faster cross-border settlement.

Tazapay said Circle Ventures led the extension round. Coinbase Ventures, CMT Digital, Peak XV Partners, and Ripple also joined the funding.

The company said the new capital will support its digital settlement technology for cross-border payments. It also plans to use the funds to secure more licenses and expand operations in Asia, Latin America, the Middle East, and the Americas.

Tazapay said it now serves more than 1,000 enterprises and fintechs across 30 countries. The company also said it already holds licenses in Singapore, Canada, Australia, and the United States.

It added that license applications are active in the European Union, the United Arab Emirates, and Hong Kong. This part of the plan shows that the company is focusing on regulated markets as it expands its payment network.

Chief business officer Kanupriya Sharda said demand remains strong across several regions. She said, 

“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.”

Tazapay also said part of the funding will go toward infrastructure for “agentic payments.” The company did not give full details in the announcement, but it placed that product area alongside its broader settlement and licensing strategy.

Stablecoin payment firms continue to draw investor support

The Tazapay round comes as more firms build stablecoin and fiat payment rails for banks, fintechs, and global businesses. Investors have continued to fund platforms that promise faster transfers and lower cross-border payment costs.

Earlier this month, Ripple said Ripple Payments had expanded into an end-to-end stablecoin and fiat platform. Ripple said the service is live in more than 60 markets and has processed over $100 billion in volume.

In May 2025, cross-border payments firm Conduit raised $36 million in a Series A round. The company said it would use the capital to scale its payment system and expand fiat and stablecoin offerings.

Conduit has promoted its network as an alternative to SWIFT for international money movement. Tazapay’s latest raise now places it among the firms building the next wave of cross-border payment infrastructure.