Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock deal expected to close in 2027.
Circle will pay in Class A common stock, with the purchase price subject to adjustments for Tazapay’s debt, transaction expenses and cash, according to a filing with the US Securities and Exchange Commission.
The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.
Circle previously invested in Tazapay through Circle Ventures, including in the startup’s August 2025 Series B round. Tazapay has raised $57.9 million across five funding rounds, according to Tracxn data.
“This acquisition will increase Circle’s capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce,” said Irfan Ganchi, senior vice president of payments at Circle.
Tazapay has been a design partner for the Circle Payments Network since 2025. Circle said Tazapay customers should see no disruption to their services, APIs, pricing or support.
Circle’s (CRCL) NYSE-traded shares were down more than 2% in Tuesday’s premarket activity, at last look, according to Yahoo Finance.