Our portfolio company Singapore-based fintech Tazapay has raised its $17 million in Series A funding, as the company looks to scale its cross-border payments network across Asia, the Middle East, and Europe.
The round was led by Sequoia Capital Southeast Asia, with participation from EscapeVelocity, PayPal Alumni Fund, and angel investor Gokul Rajaram, alongside existing backers RTP Global, Foundamental, January Capital, and Saison Capital.
The fresh capital will help Tazapay expand its real-time local payment collection network to over 100 markets, secure additional payment licenses in key regions, and enhance its core platform to serve businesses operating in cross-border e-commerce, SaaS, edtech, and travel.
Bringing Real-Time, Local Payment Methods to Global Businesses
Tazapay is betting big on real-time payments – a space that has seen rapid adoption in markets like India (UPI), Singapore (PayNow), and Brazil (Pix). While consumers increasingly prefer using instant, local payment methods over traditional bank wires or credit cards, merchants selling across borders face a complex mix of regulations, high fees, and slow settlement times.
Tazapay tackles this problem by combining cards and real-time payments into a single full-stack service. Through one API integration, businesses can accept payments in 170+ markets for card transactions and 85+ markets for local payment collections, without setting up local entities.
Riding the Cross-Border Payments Wave
The rise of open banking and real-time payment networks has reshaped global payments, making cross-border transactions cheaper, faster, and more seamless than ever before. But there’s still friction – especially for businesses that need to navigate different regulatory landscapes, compliance requirements, and payment preferences across multiple regions.
That’s where Tazapay sees an opportunity. With its full-stack payments platform, the company is positioning itself as the go-to solution for cross-border merchants looking to streamline transactions while keeping costs low.
The company plans to use the Series A funds to:
- Expand its real-time local payment network to 100+ markets by year-end
- Secure payment licenses in key regions to broaden its global footprint
- Enhance its core platform to better serve industries like e-commerce, SaaS, and travel
Tazapay’s approach reflects a broader shift in fintech: businesses are moving away from traditional payment rails in favor of faster, more localized solutions. And with cross-border commerce continuing to grow, demand for frictionless, compliant, and cost-effective payment infrastructure is only increasing.
With its latest funding round, Tazapay is well-positioned to capitalize on this trend – and reshape the way businesses handle international transactions.
Read more about Tazapay’s Series A raise here.
