Tazapay Lands USD$16.9 Million in Series A Funding

Have you heard Tazapay? It’s a digital payment system in Singapore that allows cross-border transactions while ensuring compliance with varying regulations, has announced a successful $16.9 million Series A funding round led by Sequoia Capital Southeast Asia. The round also saw participation from the PayPal Alumni Fund, EscapeVelocity, and angel investor Gokul Rajaram.

Founded in 2020 by executives from well-known companies such as Paypal and Grab, Tazapay has quickly established itself as a full-stack fintech company operating in over 170 markets globally, with 85 markets domestically. The company processes millions of payments each year and is committed to providing low-cost and secure payment solutions across different industries through the use of a single API integration.

One solid example of the benefits of Tazapay’s integration can be seen in IndiaMART, one of the top B2B marketplaces in the country. With Tazapay’s help, IndiaMART was able to connect more than 7 million sellers and almost 170 consumers on their platform, providing a seamless payment solution for all parties involved.

The newly acquired investment will be used to expand the business to other regions such as Europe and the Middle East and further scale Tazapay’s payment licenses across the globe. The company also plans to improve its existing payment methods and services for industries such as eCommerce, Software-as-a-Service (SaaS), EdTech, and hospitality and travel.

The digital payment industry is rapidly growing and Tazapay’s successful funding round is a testament to the demand for efficient and secure payment solutions. With its strong team of experienced executives and commitment to providing top-notch services, Tazapay is well positioned to become a leading player in the industry.