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Tazapay Secures Series B Funding Led by Peak XV Partners

Tazapay Secures Series B Funding Led by Peak XV Partners

According to the company’s official statement, Tazapay raised fresh capital from Peak XV, Ripple, Circle Ventures, and others to fuel license expansion across Asia, North America, and the Middle East.

Fact Check
Multiple credible sources, including Yahoo Finance, DealStreetAsia, and Blockhead, explicitly state that Tazapay's Series B funding round was led by Peak XV Partners. This is highly corroborated across the provided evidence.
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Summary

Tazapay officially announced the completion of its Series B funding round with backing from Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital, GMO VenturePartners, January Capital, and ARC180. The cross-border payments firm, which operates in over 70 markets with 300% annual growth and profitability, holds licenses in Singapore, Canada, and the EU. The funds will support acquiring additional licenses in the UAE, United States, Hong Kong, Australia, and a digital payment token license in Singapore.

Terms & Concepts
  • Cross-Border Payment Infrastructure: A financial system enabling international transactions between businesses and consumers, integrating banking and digital payment solutions.
  • Series B Funding: A stage of venture capital financing used by startups to scale operations, expand market reach, and secure regulatory licensing.
  • Digital Payment Token License: A regulatory authorization that permits firms in Singapore to legally offer digital token payment services.