TabaPay secures $155m Series B growth financing led by FTV Capital
One API connects payouts and collections to payment rails including cards, ACH, RTP and FedNow.
TabaPay secured $155 million in Series B strategic growth financing led by FTV Capital. The financing includes both primary capital and a secondary transaction; the full headline amount is not described as new cash entering the company.
The company is pursuing the acquisition of federally chartered Transact Bank. Subject to completion, the planned bank subsidiary would deepen sponsorship and acquiring capabilities alongside TabaPay's payments platform.
Its roadmap includes integrated payments, merchant liquidity products and strategic acquisitions. TabaPay already works with more than 20 partner banks through one API connecting card rails, ACH, RTP, FedNow and wire transfers.
Use of funds
Advance client service and integrated payments
Qualify TabaBank as card-network acquirer
Strengthen sponsorship capabilities
Accelerate product roadmap and merchant liquidity solutions
Pursue strategic acquisitions