Funding and Growth: Singapore-based Tazapay has secured Series B funding from Ripple, Circle Ventures, and others, processing over $10 billion annually with a 300% year-over-year growth.
Bridging Finance and Blockchain: The investment from Ripple and Circle aims to enhance Tazapay's capabilities in linking traditional fiat systems with stablecoin transactions, particularly in emerging markets.
Regulatory Expansion Plans: With the new funding, Tazapay plans to accelerate licensing efforts in the U.S., UAE, Hong Kong, and Australia, while also applying for a Singaporean license for Digital Payment Tokens.
Established Reputation: Founded in 2020, Tazapay has become a reliable platform for B2B marketplaces and fintechs, expected to play a significant role in integrating traditional banking with blockchain payments.
