“Can a government-backed B2B marketplace metahub become the financial infrastructure backbone for MSME cross-border trade across ASEAN and Africa?”
Proxtera was established in 2020 as the commercialisation vehicle for the MAS/IMDA 'Business Sans Borders' initiative, positioning itself as a metahub connecting B2B marketplaces and their MSME customers for cross-border trade discovery and financing. It quickly moved beyond pure matching to embed financial services directly into the network — launching a Tazapay-powered escrow product in 2021, then a multi-currency FX exchange platform in 2022. The company is now pursuing government partnerships (e.g. GIFE with Ghana's DBG) to build Integrated Financial Ecosystems that bundle digital literacy, trusted credentials, trade financing, and cross-border payments for underserved MSMEs across ASEAN and Africa.
Proxtera processes payments through Tazapay.
Proxtera uses WorldFirst, Liquid Group, Thunes and Wise for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in Proxtera's stack: Payments / PSP (Tazapay); Lending (MSME cross-border trade financing, Supply chain financing and Working capital financing); FX & payouts (WorldFirst, Liquid Group, Thunes and Wise).
Proxtera is founded in 2020 and headquartered in Singapore.
Get a read on where your own stack stands against Proxtera and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.