It is about the money, money, money! Here's Tazapay. This Singapore-based fintech just raised a $16.9M Series A led by Sequoia Capital Southeast Asia. They make it simple for businesses to accept international payments and make that $$$!

• Founded in 2020, they cover 170+ markets for their cards and 85 markets for their local payments.
• They process hundreds of millions annually.

Investor check. EscapeVelocity and PayPal Alumni Fund, as well as existing investors Foundamental, January Capital, RTP Global and Saison Capital, also joined in!

• 👼🏻: Gokul Rajaram (Doordash, Square)

‍

‼️ Why it matters

Customers would rather use local real-time payments in their local currency.

• It's great for business too. Allowing customers to pay with their local payment methods will bring more conversions (and $$$)!

The issue? Businesses would love to expand internationally and have more global customers. But allowing and managing cross-border international payments for business can be slow, tough, clunky and expensive!

• Not worth the hassle... They'd have to set up AND manage multiple entities and business accounts.

‍

🌏 Expand globally without the hassle

Everything you need. They give you all the tools you need to accept payments internationally — while keeping it fast, secure, compliant and simple. Just set up Tazapay and watch all that cash come in!

Businesses that use Tazapay? E-commerce platforms, SaaS platforms, service providers, exporters and importers.

• This includes Indiamart, a leading online B2B marketplace with 7.4M sellers and 165M buyers and BrightCHAMPS, a live learning platform active in 30+ countries and more.

‍

🤑 Payment methods for every type of business

They have payment links you can generate and send to each customer, a payment gateway you can connect to your website and even an escrow payment feature.

• Accept debit and credit cards, real-time local payment methods and local bank transfers.

Safe and sound. Apart from making sure everything is compliant, they also help protect both buyers and sellers from scams through their protection programs and investigations!

‍

📈 It's time to scale

They'll be scaling their business further across Asia and expanding to other regions where they're receiving strong demand for their services, like the Middle East and Europe.

• They'll be applying for payment licenses in major markets.
• They'll be expanding their real-time local collection channels to 100+ by the end of the year.

Oh, and they'll also be leveling up their core capabilities and adding more local payment methods to better serve the growing list of verticals they serve — cross-border e-commerce, edtech, SaaS and travel.