Odaily Planet Daily News: Cross-border payment infrastructure platform Tazapay announced the completion of its Series B financing round, led by Peak XV Partners, with participation from Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO Venture Partners (Japan). Existing investors January Capital and ARC 180 continued to follow up.

Tazapay is a global cross-border payments infrastructure platform, processing over $10 billion in annualized payment volume, achieving break-even and maintaining 300% year-over-year growth. The company, already licensed in Singapore, Canada, and the EU, will use the new funding to accelerate its application for DPT licenses in the UAE, US, Hong Kong, Australia, and Singapore.

The investments from Ripple and Circle highlight Tazapay's crucial role in bridging traditional finance and digital currency payments. The company plans to further expand into the Japanese market and continue investing in modern payment rails such as real-time payments (RTP), ACH, and stablecoins. (PRNewswire)