Data Vantage | Tazapay raises $10.5 million and other updates
Edition #499, 28th Aug 2025
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Corry Anestia
Senior Research Analyst, Indonesia
Sept 02, 2025
Dear Reader,
Singapore-based cross-border payment startup Tazapay has raised [redacted] in a Series B round, anchored by existing backer Peak XV Partners alongside several new investors, regulatory filings showed.
The Series B round was announced by the company last week, but the amount was undisclosed.
According to filings with Singapore’s Accounting and Corporate Regulatory Authority, the company issued a mix of shares at varying prices — the highest at $4.1 apiece — with the majority of the allotment comprising [redacted] preference shares.
The company also noted in its disclosure that part of the allotment involved conversion of Series B…
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Software tops Greater China’s megadeal funding in Q2
Startups based in Greater China recorded a wave of megadeals (transactions worth $100 million and more) in the second quarter (April-June) of 2025, with Business Support Services leading the way. Notably, the quarter also marked a rare showing by Software, which ranked among the top categories by both megadeal count and value.
According to DealStreetAsia DATA VANTAGE’s Greater China Deal Review: Q2 2025 report, Business Support Services startups secured four megadeals, including Beijing-based Galbot, which raised $153 million. Consumer Products followed with three megadeals during the period.
By value, however, Software took the top spot, boosted by Hong Kong-listed Tencent Music’s acquisition of Ximalaya, which was completed through a…
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Other updates from DATA VANTAGE
Zuzu Hospitality, a Singapore-headquartered hotel management startup, recently secured a total of [redacted] million in paid-up capital through a new share issuance. The latest injection saw participation from angel investors via Latin-Zu-0417 Fund I as well as existing backers through Velocity Fund VCC and V VCC.
A boutique system integrator company, Deep Identity, has received [redacted] million (approximately $4 million) from its parent company Temasek. The latest issuance lifts Temasek’s total paid-up capital in the firm to [redacted] million to date.
[redacted], a Singapore-based VC firm focused on healthtech investments, has joined the cap table of biotech company Nuevocor through the issuance of [redacted] preference shares. Nuevocor previously raised $45 million in its Series B round in May 2025 to…
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