US-Based Circle To Acquire Peak XV-Backed Tazapay

Existing backer and US-based crypto platform Circle Internet Group has signed a definitive agreement to acquire Peak XV Partners-backed B2B cross-border payments startup Tazapay. While the two parties did not disclose the size of the deal, CoinGape reported that the transaction is an all-stock deal valued at nearly $400 Mn. The deal is expected to close in 2027, subject to customary closing conditions and regulatory approvals.