Payment infrastructure provider Tazapay closed a $36 million Series B extension on Wednesday, with Circle Ventures leading the round as the company accelerates licensing and go-to-market efforts across emerging markets.
Coinbase Ventures and CMT Digital joined as new investors in the extension round, alongside existing backers Peak XV Partners, GMO Venture Partners, and January Capital. Ripple, Norinchukin Capital, ARC180, and RTP Global are prior investors in the company, according to a statement. No valuation was disclosed.
Tazapay said the funds will support licensing expansion across multiple jurisdictions, with active applications underway in the UAE, the EU, and Hong Kong. The company currently holds licenses and registrations in Singapore, Canada, Australia, and the United States, per the statement.
The firm plans to accelerate go-to-market operations across Asia, Latin America, the Middle East, and the Americas. Tazapay also said the extension will fund development of agentic payment infrastructure, described in the statement as flexible rails and a rules engine designed for AI-driven payment flows.
The funding comes amid growing demand for infrastructure supporting stablecoin-to-fiat settlement in cross-border payments, according to the company and its investors.
“Stablecoin adoption in cross-border commerce depends on regulated, operationally reliable infrastructure,” Brian Schultz, Vice President of Circle Ventures, said in the statement. “Tazapay has built that capability across key emerging markets. Their licensing footprint and local market integration address an essential requirement for enterprise stablecoin-to-fiat settlement.”
Tazapay says it provides cross-border payment infrastructure built on digital-native settlement rails designed to enable real-time, capital-efficient settlement. The platform serves B2B companies, marketplaces, fintechs, neobanks, and web3 firms, providing last-mile payment access across 70 markets globally, according to the statement.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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