Tazapay Raises Series B with Ripple & Circle Investment
Tazapay, a Singapore-based cross-border payments platform, has raised a Series B funding round led by Peak XV Partners with new investments from Ripple and Circle Ventures, Norinchukin Capital and GMO VenturePartners. The undisclosed funding will fuel its expansion in the US, UAE, Hong Kong and Australia, accelerate licence applications for digital payment tokens in Singapore, and support entry into Japan. Tazapay processes over $10 billion in annual transaction volume and achieved 300% year-over-year growth. By integrating fiat transfers with stablecoin rails powered by USDC and XRP, the platform bridges traditional banking and blockchain payments. The round will deepen stablecoin support and expand last-mile payment rails in emerging markets, building on a Series A led by Sequoia Southeast Asia.
Bullish
The Series B investment led by Ripple and Circle highlights growing institutional support for digital payment infrastructure. Tazapay’s adoption of XRP and USDC as settlement rails is likely to boost demand for these tokens, particularly XRP. In the near term, this partnership may drive trading volume as XRP usage in cross-border payments increases. Over the long term, the deal reinforces XRP’s role in compliant payment networks and could attract more enterprise clients, supporting sustained price growth.