Singapore-based cross-border payments platform Tazapay has successfully closed its Series B funding round, securing investments from prominent backers including Ripple and Circle. The round also saw participation from Peak XV Partners, Norinchukin Capital, and GMO VenturePartners, with continued support from existing investors January Capital and ARC180.

This funding marks a significant step for Tazapay in its mission to enhance global payment solutions. The involvement of Ripple and Circle, two leading firms in the blockchain and stablecoin space, underscores the growing trend of leveraging digital assets for more efficient and cost-effective cross-border transactions. The capital injection will be used to accelerate Tazapay's global expansion and further develop its technology to support the increasing demand for seamless B2B and e-commerce payments worldwide.

This strategic investment highlights the industry's confidence in Tazapay's potential to address the complexities of international trade and payments.