Cross-border payment company Tazapay has completed a $36 million Series B funding round, led by Circle Ventures.

PANews reported on March 26th that, according to Tech in Asia, Singapore-based cross-border payments company Tazapay has completed an extended Series B funding round led by Circle Ventures, bringing its total Series B funding to $36 million. New investors include CMT Digital and Coinbase Ventures, joining Circle Ventures, Peak XV Partners, January Capital, and GMO Venture Partners in this extended round. Existing investors include Ripple, Norinchukin Capital, ARC180, and RTP Global.

Tazapay focuses on building cross-border transaction settlement and payment infrastructure for businesses. It currently holds licenses or has completed registration in Singapore, Canada, Australia, and the United States, and is applying for relevant licenses in the UAE, the EU, and Hong Kong. The company stated that this round of funding will be used to obtain more regulatory approvals and develop products that automate payment processes.