Tazapay, a Singapore-based fintech startup, announced today it has raised US$3.2 million in financing led by Sequoia Capital India’s Surge and Saison Capital.
As per a press release, the fresh funds will be used for product development, hiring talent and expansion to new markets in Southeast Asia.
Founded in April 2020, Tazapay is a cloud-based trade management platform for small and medium-sized businesses (SMBs) to safely conduct cross-border commerce.
The startup claims it provides better and safer accessibility to essential financial technology tools and services on its unified platform, helping to remove the current trust barriers SMBs face when conducting cross-border trade and payments.
These tools allow businesses to minimise uncertainties while expanding to international markets – including payment protection through escrow, company background checks and counterparty risk assessment.
An example of Tazapay users is Singapore-based vegan ice cream brand Kind Kones.
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