Tazapay, a digital payments platform for cross-border trade among SMEs, has launched its full suite of services across Asia's most significant trading corridors.
Singapore-based Tazapay has launched its digital escrow services across India, Malaysia, Singapore and Thailand, and inked a partnership with fintech-as-a-service provider Rapyd, which will be Tazapay’s exclusive payments facilitator, it announced on Tuesday.
«The markets in which we initially operate are significant trading corridors within APAC, and with the support of our growing team and investment partners we look forward to expanding our global footprint and offering more services in the future,» Rahul Shinghal, CEO of Tazapay, said.
New Funding
The roll-out comes on the back of a new round of funding, which raised $1.75 million from existing investors Sequoia Capital India’s Surge and Saison Capital, and new partners RTP Global and January Capital, on top of its original round of funding of $3.2 million announced in early 2021.
The new funds will be used to grow its customer acquisition resources and scale its technology and growth teams, the announcement said.
Senior Hires
Tazapay recently hired Sri Lakshmi Kalapu as head of product from fintech firm Nium and Kanupriya Sharda as head of growth, who joined from global payments platform Stripe.
