Singapore-Based Fintech Tazapay Raises Us$16.9 Million In Series A Fundraising Round, Led By Sequoia Capital Southeast Asia
Singapore-Based Fintech Tazapay Raises Us$16.9 Million In Series A Fundraising Round, Led By Sequoia Capital Southeast Asia
02/09/23, 6:07 AM
Location
Money raised
$16.9 million
Industry
payments
fintech
financial services
Round Type
series a
Investors
Saison Capital, Rtp Global, January Capital, Foundamental, Gokul Rajaram, Pay Pal Alumni Fund, Escape Velocity, Sequoia Capital Southeast Asia
Tazapay, a leading fintech company specialising in cross-border payments, announced today that it has raised USD 16.9 million in its Series A funding round. Sequoia Capital Southeast Asia led the round, with EscapeVelocity (escp.vc), PayPal Alumni Fund as well as renowned angel investor Gokul Rajaram joining as new investors. Existing investors Foundamental, January Capital, RTP Global and Saison Capital also participated in this round.
Company Info
Location
singapore
Additional Info
We are Tazapay, a Singapore-based fintech startup enabling companies to seamlessly do cross-border payments. We provide checkout, payment link, and escrow solutions to simplify international transactions and help reduce the risk for both buyers and sellers online.
Cross-border payments are complex, costly and clunky. Credit cards are often expensive and wire transfers are too cumbersome and offer no recourse for the buyer or seller. Tazapay has built a global network of local collection methods in over 85 markets on top of our card coverage in 173+ markets, which are exposed over a single API. This enables fast and cost-effective cross-border payments at the cost of domestic payments using open banking, real-time payment networks, and dynamic geolocation to match with a customer’s local payment provider. We bring international eCommerce and SaaS platforms to the forefront of the digital economy by unlocking cross-border payments.
Tazapay is a member of the Singapore FinTech Association. We are backed by Sequoia and Saison Capital and founded by 3 seasoned professionals with extensive experience in payments, ecommerce, technology, cross border trade and high growth technology businesses.
We are hiring and looking for people who share our passion and belief in enabling opportunities for growing businesses.