Tazapay

Fintech · Payments · Stablecoins

Acquisition

Circle to buy Singapore fintech Tazapay in $400M all-stock deal

Tazapay's cross-border volume already runs 60% through stablecoins, showing where global payment rails are quietly heading.

• Circle Internet Group agreed to acquire Singapore-based Tazapay in an all-stock deal valued at $400 million, with share count set via a 20-day VWAP of Circle's Class A stock before closing.
• Tazapay is a Singapore-licensed B2B cross-border payments infrastructure firm processing over $25 billion in annualized volume across 100+ markets and 60+ banking and fintech partners.
• About 60% of Tazapay's transaction volume already flows through stablecoins, directly feeding Circle's push to make USDC a default settlement rail for cross-border commerce.
• Circle will hold back 5% of shares for general indemnities and 3% for additional indemnities over 18 to 48 months, and grant $25 million in post-closing Incentive RSUs to Tazapay employees.
• Tazapay has been a design partner for Circle Payments Network since 2025, per Circle CEO Jeremy Allaire, so this deal formalizes an existing collaboration rather than a cold acquisition.
• The transaction is expected to close in 2027, pending regulatory approvals including from Singapore's Monetary Authority and effectiveness of a shelf registration for resale of the new shares.
• The deal shows a stablecoin issuer moving beyond token issuance to own the banking relationships and payout rails needed to settle transactions directly, a vertical-integration play in payments.