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Singapore-Based Fintech Tazapay Raises Us$16.9 Million In Series A Fundraising Round, Led By Sequoia Capital Southeast Asia

Feb 09, 2023•almost 3 years ago

Amount Raised

$16.9 Million

Round Type

series a

SingaporeFinancial ServicesPaymentsFintech

Investors

Saison CapitalRtp GlobalJanuary CapitalFoundamentalGokul RajaramPay Pal Alumni FundEscape VelocitySequoia Capital Southeast Asia

Description

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 Information

Company

Tazapay

Location

9 Temasek Blvd

Singapore, Southeast Asia, Singapore

About

Tazapay is a Singapore-based fintech company, designed to redefine the cross-border payment experience. Since its inception in 2021 by industry veterans, Tazapay has raised a successful $16.9 million Series A funding round, with significant investment from prestigious institutions such as Sequoia and the PayPal Alumni Fund.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech