Tazapay Raises $36M Series B for Cross-Border Rails
Tazapay, a Singapore-based unified cross-border payments platform, has raised $36M in total Series B funding led by Circle Ventures. The platform enables businesses to accept, hold, convert, and payout in 100+ currencies across 173+ countries without local entities, using local methods, cards, virtual accounts, and stablecoin-fiat bridges. The capital will scale global licensing, agentic payment infrastructure, and market growth.
Stablecoins Fuel Payments Momentum
The raise aligns with stablecoin market cap hitting $312B in March 2026, up 50% YoY. TransFi recently landed $19.2M for stablecoin-powered payments, signaling investor rush into this infrastructure. Tazapay's stablecoin-fiat bridges address delays and FX leaks in traditional rails.
Legacy Rails Trap Billions
Cross-border payments reached $212.55B in 2024, projected to hit $320.73B by 2030 at 7.1% CAGR per Grand View Research. Businesses face 5-day delays, prefunding capital traps, and 1-3% FX revenue leaks via correspondent banking. Platforms expanding globally need compliant access without 40+ local entities.
Invisible Stablecoin Layer Emerges
Tazapay integrates stablecoins like USDC/USDT with fiat via licensed bridges (Singapore MPI, Canada/US/Australia MSBs), offering one API for 170+ country payouts on local rails like PIX and PromptPay. Unlike Airwallex or NIUM's FX-focused platforms, Tazapay provides white-label escrow and buyer protection for marketplaces. No prefunding or entities required, enabling same-day settlements in 80+ markets.
POBO Simplifies Fintech Payouts
As Rahul Shinghal, Co-Founder and CEO, shared on social media:
"Most fintechs don't want to become payment infrastructure companies. They want to offer global payouts without setting up 40 banking local entities."
This POBO (payouts-as-a-service) product targets fintechs, travel, gaming, and eCommerce, serving 1,000+ enterprises in 30 countries with doubled revenues for three years.
Circle Validates Next-Gen Rails
Circle Ventures led the extension, joined by Coinbase Ventures, Ripple, CMT Digital, Peak XV, and others, bringing strategic crypto expertise. Investors signal conviction in Tazapay's compliance-first approach amid FSB's March 2026 push for cross-border enhancements. The backing accelerates from EBITDA-positive traction to global scale.
Cross-Border Market Scales Rapidly
Payouts-as-a-service hit $10.3B in 2024 according to DataIntelo, driven by eCommerce and embedded finance. Competitors like Rapyd and Skydo focus on acceptance or India inflows, while Tazapay's bidirectional flows and stablecoin ramps target APAC/emerging gaps. FSB's public-private partnerships promise speed and transparency gains.
Payments Veterans Lead Charge
Co-Founder CEO Rahul Shinghal brings 20+ years from PayPal SEA GM and Stripe APAC Head roles. Saroj Mishra offers banking depth from Citi/StanChart and prior fintech. Ex-CTO Arul Kumaravel scaled products at Microsoft, Amazon, Grab. The team, now 216 strong, includes recent hires like CTO Sujith Surendran (ex-Cashfree) and COO Sriram Royam (ex-StanChart).
Licensing Drives Global Expansion
Funds target new licenses in UAE, EU, HK, following AUSTRAC registration. Recent Japan growth manager hire signals Tokyo push, alongside partnerships with OCBC, J.P. Morgan. AI-driven agents and ERP integrations position Tazapay for agentic payments era.