Peak XV Partners led a Series B round Tazapay.

Peak XV Partners, a venture capital and growth investing firm, led a Series B round Tazapay, a global cross-border payments infrastructure platform, with participation from Ripple Labs, Circle Ventures, Norinchukin Capital, GMO VenturePartners, January Capital, Arc180, and RTP Global. Financial terms were not disclosed. "With this round, we are not just capitalizing the business; we are investing in our long-term vision to become the builder of a global payment collection and payout infrastructure built on modern rails. One of the key use cases this infrastructure serves is being the Fiat bridge for stablecoins in emerging markets," Rahul Shinghal, Tazapay Co-founder and CEO.