Circle Buys Tazapay in $400M All-Stock Deal
- On Tuesday, Circle Internet Group announced a definitive agreement to acquire Singapore-based payments platform Tazapay, with the deal expected to close in 2027 subject to Monetary Authority of Singapore approval.
- Circle previously invested in Tazapay during its August 2025 Series B round, which brought total funding to $57.9 million, and the startup serves more than 60 banking and fintech partners across over 100 markets.
- Tazapay processes more than $25 billion in annualized payment volume, with approximately 60% of transactions already including stablecoins, significantly expanding Circle's reach into APAC and emerging markets.
- Integrating Tazapay increases Circle's capability to "originate and terminate payments globally, near-instant and 24/7," said Irfan Ganchi, Senior Vice President of Payments at Circle, positioning USDC as the default rail for cross-border commerce.
- Circle's NYSE-traded shares fell more than 2% in Tuesday's premarket activity, though Tazapay customers can expect no disruption to service, pricing, or support as the companies prepare for the 2027 close.
43 Articles
43 Articles
Financial Post
Circle Expands Global Payments Infrastructure with Agreement to Acquire Singapore-Based Cross-Border Payments Platform, Tazapay
Proposed acquisition will bring 60+ banking and fintech partners, 100+ payout markets into the Circle ecosystem, accelerating USDC distribution at scale NEW YORK & SINGAPORE — Circle Internet Group, Inc. (NYSE: CRCL), the global financial technology firm and issuer of USDC today announced it has signed a definitive agreement to acquire Tazapay, a Singapore-headquartered B2B […]
Circle falls into the field with a $400 million transaction all in shares to acquire Tazapay, a cross-border payment platform based in Singapore. The acquisition Circle Tazapay points straight to a precise goal: to make USDC the reference track for cross-border payments, with almost instant transactions and available 24 hours a day. The transaction, [...]
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