Trade Management Platform Tazapay to Expand in Asia
(31 March 2021 – Singapore) Singapore-based Tazapay, a digital payments platform for small and medium-sized enterprises (SMEs) engaging in cross-border trade, has launched its full suite of services across Asia's most significant trading corridors.
Established in 2020, Tazapay provides digital escrow services to help reduce risk for both parties in a transaction. It provides SMEs with fast, simple background checks on potential business partners. Tazapay holds funds for its users securely until both parties have confirmed their obligations of the trade.
The startup saw its whole suite of services go fully operational in Singapore, Malaysia, India and Thailand. Tazapay has completed more than 500 background checks for its customers since its founding.
The company has also appointed a couple of senior roles, including Sri Lakshmi Kalapu as its head of product and Kanupriya Sharda as head of growth. Kalapu was previously at fintech firm Nium and Sharda is formerly of Stripe, a global payments platform.
“The markets in which we initially operate are significant trading corridors within APAC, and with the support of our growing team and investment partners we look forward to expanding our global footprint and offering more services in the future,” said Tazapay CEO Rahul Shinghal.