Tazapay is a cloud-based trade management platform that facilitates cross-border payments for small and medium-sized businesses without the need for local entities. By providing access to over 75 payment methods and ensuring compliance with global standards, Tazapay streamlines international transactions and reduces the complexities associated with currency exchange and chargebacks.
Funding
$23.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SSFounders
Product
Problem
Small and medium-sized businesses face significant hurdles when conducting cross-border transactions, including the need for local entities, complex compliance requirements, high foreign exchange fees, and the risk of chargebacks. These complexities increase operational costs and limit access to global markets.
Solution
Tazapay offers a cloud-based trade management platform designed to streamline cross-border payments for SMBs, eliminating the need for local entities. The platform provides access to over 75 payment methods across 173+ countries, ensuring businesses can reach more buyers and unlock new segments. Tazapay simplifies global compliance, offers robust risk management, and optimizes FX management to maximize financial efficiency. Through a unified platform, businesses can collect, hold, and disburse funds globally, reducing the complexities associated with international transactions.
Target Audience
Tazapay primarily serves online travel agencies, tour operators, online gaming companies, e-commerce marketplaces, SaaS platforms, fintech companies, and businesses selling digital goods that require efficient and compliant cross-border payment solutions.
Features
- Access to 75+ payment methods in 173+ countries, including local payment options and global cards
- Global business accounts enabling collection, holding, and disbursement of funds in 35+ currencies
- Payouts to 80+ markets with competitive FX rates via SWIFT or local payment methods
- Simplified global compliance adhering to global and local standards
- Robust risk management with ML-based fraud management and customizable rules engine
- Optimized FX management to secure the best rates in currency exchanges
- Integration options including white-label solutions, hosted checkout, no-code payment links, and API integration
- Plugins for popular platforms like Shopify and WooCommerce
- Buyer protection mechanisms to secure transactions