Acquisition · Financial Services

Circle to acquire Tazapay for $400 million

By Startup Enthusiast · 8 September 2026

What they do

Tazapay provides a single API for businesses to collect, hold, convert, and pay suppliers globally

Circle Internet Group has signed a definitive agreement to acquire Tazapay in an all-stock deal valued at $400 million

The acquisition is expected to close in 2027 and gives an exit to investor Peak XV Partners

Circle Internet Group has signed a definitive agreement to acquire Tazapay.
The deal is valued at $400 million in an all-stock transaction, according to a regulatory filing.
The acquisition is expected to close in 2027, subject to regulatory approvals including from the Monetary Authority of Singapore.
Circle will grant $25 million in restricted stock units to agreed Tazapay employees after closing.
At least 75% of certain identified employees and senior management must remain with Tazapay as a closing condition.
Tazapay will keep its brand after the deal closes.
Tazapay customers will experience no disruption to services, APIs, pricing, or support during the transition.

The acquisition aims to expand Circle's ability to originate and terminate cross-border payments near-instant, 24/7.
Circle sees Asia-Pacific and emerging markets as key areas for USDC-denominated transaction demand.
Tazapay has been a design partner for Circle Payments Network since 2025, suggesting limited integration risk.
The acquisition is one of Circle's largest-ever transactions.
Circle received an unconditional national trust charter from the OCC in July 2026 and recently acquired IBM's blockchain patent portfolio.

Tazapay is a B2B cross-border payments infrastructure company serving payment service providers and financial institutions.
It provides a single API for businesses to collect money, hold in multiple currencies, convert, and pay suppliers globally.
Tazapay's annualized payment volume is over $25 billion.
It has over 60 banking and fintech partners.
Its local payout rails cover over 100 markets.
Approximately 60% of Tazapay's transaction volume already involves stablecoins.
Tazapay's stablecoin services are managed through its Canadian subsidiary, Tazapay Canada Corp., restricted to fiat-stablecoin payments and conversions.

The acquisition aims to expand Circle's ability to originate and terminate cross-border payments near-instant, 24/7.
Circle sees Asia-Pacific and emerging markets as key areas for USDC-denominated transaction demand.
Tazapay customers will experience no disruption to services, APIs, pricing, or support during the transition.
Tazapay will keep its brand after the deal closes.

Peak XV Partners (seller) — First invested in Tazapay in 2023; gets an exit through this acquisition.
Circle Internet Group (lead) — Was lead investor in Tazapay's Series B funding round.
GMO Venture Partners (participated) — Participated in Tazapay's Series B round.
January Capital (participated) — Participated in Tazapay's Series B round.