Tazapay raises $36M

Tazapay, a Singapore payments company that most people have never heard of, just raised a $36 million Series B to do something oddly specific and suddenly important: move money across borders by stitching stablecoins to ordinary bank payouts. The extension was led by Circle Ventures, with Coinbase Ventures and CMT Digital joining, and it brought Tazapay’s total Series B funding to $36 million after an earlier 2025 tranche that already included Circle, Ripple, Peak XV, and other investors. (tazapay.com) That investor list explains the real story better than the funding total does. Tazapay is not pitching itself as a crypto app. It is selling regulated plumbing. A business can send in USDC or USDT, convert that into local currency, and pay suppliers or partners through bank rails without keeping piles of fiat parked around the world. On its site, Tazapay describes itself as the bridge between stablecoins and global fiat currencies, with instant stablecoin-to-fiat payouts and on- and off-ramps built into one platform. (tazapay.com) That matters because cross-border payments are still a mess, especially outside rich, well-banked corridors. A company may need one provider for card acceptance, another for local bank transfers, another for payouts, and still more banking relationships to settle funds in-country. Stablecoins promise a shortcut on the settlement leg. But the hard part was never just moving a token onchain. The hard part is the last mile, where money has to arrive in a local bank account, in local currency, under local rules. Tazapay is raising money because that last mile is where the bottleneck lives. (tazapay.com) So the company has spent its short life building around regulation instead of trying to route around it. Tazapay says it now supports local collections and payouts in more than 70 markets and serves more than 1,000 enterprises and fintechs across 30 countries. It says it holds licenses and registrations in Singapore, Canada, Australia, and the United States, with applications underway in the UAE, the European Union, and Hong Kong. That is not the language of a startup chasing retail traders. It is the language of a company trying to become acceptable to treasury teams and compliance officers. (tazapay.com) The timing also helps explain why this round happened now. Tazapay’s first Series B announcement in August 2025 framed the company as a fast-growing cross-border infrastructure player with more than $10 billion in annualized payment volume, 300 percent year-over-year growth, and operational breakeven. The March 2026 extension sharpened the pitch. The company is no longer just talking about global payments in general. It is talking about “digital-native settlement technology” and explicitly using stablecoins to unlock corridors across Asia, Latin America, and the Middle East, where traditional banking links are often slow, expensive, or both. (tazapay.com) That shift says something larger about the fintech market in 2026. Stablecoins are moving out of the phase where the main question was whether they were real technology at all. The new question is who can make them boring enough for mainstream businesses to use. Tazapay was founded in 2020 by Rahul Shinghal, Saroj Mishra, and Arul Kumaravel, and Shinghal came out of PayPal and Stripe. The company’s new capital is earmarked for more licenses, expansion in Asia, Latin America, the Middle East, and the Americas, and the buildout of what it calls agentic payment infrastructure for AI-driven payment flows. For now, the concrete thing it already offers is simpler than the jargon: receive USDC, convert it, and pay out vendors worldwide in more than 100 currencies. (tracxn.com)