Cross-border payments company Tazapay completes US$36 million Series B financing led by CircleVentures

Tazapay, a cross-border payments company based in Singapore, completed a Series B expansion financing led by CircleVentures, bringing the total Series B financing amount to US$36 million. New investors include CMTDigital and Coinbase Ventures, together with CircleVentures, PeakXVPartners, January Capital and GMOVenturePartners, and existing investors include Ripple, Norinchukin Capital, ARC180 and RTPGlobal. Tazapay is committed to building cross-border transaction settlement and payment infrastructure for enterprises. It currently holds licenses or completes registrations in Singapore, Canada, Australia and the United States, and is applying for relevant licenses in the United Arab Emirates, the European Union and Hong Kong. The company said that this round of funds will be used to obtain more regulatory licenses and develop automated payment process products.