Tazapay

The deal marks ClearBank’s first Singapore client and its fifth with Asia-based partnership this year.

Tazapay is applying for licenses in the UAE, the EU, and Hong Kong to expand its reach.

Tazapay sees stablecoins as a “major growth driver,” while Malaysian digibanks are cutting AI feature launches as users aren’t ready to adopt them.

The Singapore firm also doubled its revenue in the financial year ending March 2025, with its integration of stablecoin-enabled payments as one of the main drivers.

Tazapay processes over US$10 billion in annualized payment volume and has reached operational breakeven.

The Singapore-based startup plans to raise about US$40 million in the second half of this year.

The Singapore-based firm is a platform for cross-border commerce with a focus on SMBs.

Tazapay helps SMEs remove roadblocks that get in the way of trading with international partners.

Tazapay also announced that it is now fully operational across India, Malaysia, Singapore, and Thailand.

The cloud-based trade management platform, which allows SMEs to safely conduct cross-border commerce, got seed funding from the accelerator program.