Total amount raised
$21.9 Million
Latest funding date
02/01/2023
Location
Tazapay has successfully raised funds through four distinct funding rounds, attracting a total of 14 investors, including notable names like GMO VenturePartners and Ripple. The platform specializes in cross-border payments, offering services such as payment gateways, global collection accounts, and same-day payouts in over 80 markets.
Keep reading to explore the intricacies of Tazapay's fundraising journey and the investors backing this innovative platform.
What Is Tazapay?
Tazapay is a prominent player in the fintech industry, specializing in cross-border payment solutions. The company is based in Singapore and operates globally, offering services such as payment gateways, global collection accounts, and same-day payouts in over 80 markets.
Founded with the mission to streamline international transactions, Tazapay has grown to employ between 101 and 250 people. The platform supports over 100 currencies and provides robust protection for cross-border payments, ensuring compliance and fraud management.
How Much Funding Has Tazapay Raised?
- Seed Round (2020-12-01)
- Amount Raised: USD 3,200,000
- Date: December 2020
- Lead Investors: Saison Capital, Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and develop its cross-border payment platform.
- Seed Round (2021-03-30)
- Amount Raised: USD 1,750,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial market reach.
- Series A (2023-02-09)
- Amount Raised: USD 16,900,000
- Date: February 2023
- Lead Investors: Sequoia South East Asia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale business operations across Asia, expand into the Middle East and Europe, and enhance core capabilities.
- Series B (2025-08-26)
- Amount Raised: USD 10,500,000
- Date: August 2025
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further global expansion and enhance the platform's technological capabilities.
Total Amount Raised: USD 32,350,000. Current Valuation: Not publicly disclosed.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia India, is a venture capital firm that invests in early and growth-stage companies in India and Southeast Asia. The firm focuses on sectors such as technology, consumer, and healthcare.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Byju's, OYO Rooms, Zomato
- Sequoia South East Asia
- Details: Sequoia South East Asia is a branch of Sequoia Capital, a leading venture capital firm that invests in early and growth-stage companies in Southeast Asia. The firm focuses on sectors such as technology, consumer, and healthcare.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Gojek, Tokopedia, Traveloka
- Saison Capital
- Details: Saison Capital is a venture capital firm that invests in early-stage startups across various sectors. The firm is a corporate venture arm of Credit Saison, a Japanese financial services company.
- Investment Focus Areas: FinTech, Consumer, Enterprise Software
- Notable Investments: Grab, Carro, ShopBack
- Surge
- Details: Surge is a rapid scale-up program by Sequoia Capital India for early-stage startups in India and Southeast Asia. The program provides funding, mentorship, and resources to help startups grow quickly.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Khatabook, Doubtnut, Bulbul
- EscapeVelocity
- Details: EscapeVelocity is a venture capital firm that invests in early-stage technology companies. They focus on providing the necessary resources and guidance to help startups scale and succeed in their respective markets.
- Investment Focus Areas: Technology, Fintech, SaaS, E-commerce, Digital Health
- Notable Investments: Not explicitly mentioned
What's Next for Tazapay?
As Tazapay looks to the future, the opportunities for growth are vast. The company plans to expand its operations across Asia, the Middle East, and Europe, tapping into the burgeoning demand for real-time payments and cross-border e-commerce. By increasing its real-time local collection channels from 80 to over 100 markets, Tazapay aims to serve a wider array of verticals, including EdTech, SaaS, and travel.
With such significant opportunities on the horizon, future fundraising rounds seem inevitable. The company’s successful Series A round, led by Sequoia Capital Southeast Asia, sets a strong precedent for attracting further investment. As Tazapay scales its operations and enhances its technological capabilities, it is well-positioned to draw interest from strategic investors and partners.
However, the path forward is not without challenges. Navigating the complex regulatory environments of multiple jurisdictions and competing with other fintech companies will require careful strategy and execution. Ensuring compliance and maintaining the security and reliability of its payment infrastructure will be crucial as Tazapay continues to grow.
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