SG-Based Tazapay Bets US6M on Agentic Payments and Stablecoins

Singapore-based payments company Tazapay has closed a US6 million Series B extension led by Circle Ventures, with Coinbase Ventures and CMT Digital joining as new backers. The fresh capital is earmarked for licensing, corridor expansion across Asia and the Middle East, and infrastructure purpose-built for AI-driven payments specifically, a future where software agents initiate and settle transactions without human intervention at each step.

Chief Product Officer Aayush Singhania outlined the thesis in an interview with Fintech News Network: AI models have advanced rapidly over the past few months, and the capability gap that once limited autonomous payments is narrowing. He pointed to McKinsey data showing nearly 60% of B2B payments still require manual intervention a bottleneck agents could soon eliminate. Tazapay is building the fiat bridge for stablecoins to make that transition practical, with the user experience staying in fiat while the movement layer runs on stablecoin rails.

The broader picture here is that agentic commerce is moving fast from concept to commercial reality. Tazapay isnt alone HSBC, Mastercard, and Visa are all running pilots in Singapore. But Tazapays approach stands out for its focus on onboarding friction: the company has invested heavily in AI-based real-time compliance checks that can verify businesses in minutes instead of days, using identity verification across 70+ countries through its partnership with Sumsub.

Why it matters for Singapore: Tazapay is the latest Singapore-born fintech to land serious backing for AI-native payments infrastructure. The companys ability to raise US6 million from major crypto-aligned VCs signals growing confidence in Singapore as a base for building the next layer of global payments. With MAS providing a clear regulatory framework for digital assets and stablecoins, Singapore-based players like Tazapay are positioned to pilot agentic payment models that could scale across Asia and beyond.