TabaPay, Inc., a leading money movement platform, today announced a $155 million strategic growth financing led by FTV Capital, a global sector-focused growth equity firm with deep experience in payments and financial technology. This financing includes both primary capital for the company and a secondary transaction. Alongside the transaction, TabaPay also announced its intent to acquire Transact Bank, N.A., an OCC-chartered and FDIC-insured bank based in Denver, Colorado.
The investment and planned acquisition will advance TabaPay’s commitment to offer superior client service and solutions through vertical integration and will strengthen its integrated payments and money movement capabilities. Following the acquisition, Transact Bank will be renamed TabaBank, N.A., and operate alongside TabaPay under TabaHoldings, Inc., a newly registered bank holding company.
“For nearly a decade, TabaPay has helped innovative fintech companies move money faster, more efficiently and more reliably,” said Rodney Robinson, co-founder and CEO of TabaPay. “The planned launch of TabaBank will bring payments and banking capabilities under one roof, offering our clients a more integrated experience while continuing to work alongside our network of bank partners. Together, TabaBank and FTV’s investment will expand our capabilities and help keep TabaPay at the forefront of payment innovation.”
TabaPay powers critical money movement infrastructure for leading fintechs, lenders, and other high-growth platforms. Through a single API, TabaPay enables instant payments and payouts across card and bank rails, helping customers reduce costs by up to 75%, improve reliability, and simplify complex payment workflows. With a network of more than 20 partner banks across the U.S. and Canada, the company is on track to process more than $100 billion in payment volume this year, ranks as the fifth-largest card-not-present processor by transaction count in the U.S., and serves one-third of American households.
As regulatory requirements continue to evolve, fintechs and other platform businesses increasingly rely on multiple sponsor banks to support a broad range of use cases, adding complexity and limiting redundancy. The planned acquisition of Transact Bank and launch of TabaBank are designed to address these challenges. Once fully operational, TabaBank will complement TabaPay’s existing partner bank network, providing additional redundancy and expertise for challenging use cases, including digital banking and debt repayment, while supporting all major money movement rails, including RTP and FedNow; ACH and wire transfers; and card sponsorship across Visa, Mastercard, Discover, and regional networks.
The $155 million investment is also expected to qualify TabaBank to serve as an acquirer for all industries, across all major card networks. This will bolster TabaPay’s sponsorship capabilities for merchants, ISOs, payment facilitators, and other platform customers. It will also serve to accelerate TabaPay’s product roadmap, including developing innovative merchant liquidity solutions and pursuing strategic acquisitions. TabaBank will be one of only a few payments-focused banks in Silicon Valley, well-positioned to serve local fintech and technology companies with complex money movement needs.
“As payments infrastructure becomes increasingly complex and mission-critical, TabaPay stands out for its scale, reliability, and profitable growth,” said Robert Anderson, partner at FTV Capital. “We’ve known Rodney and the team for several years and have been continually impressed by the differentiated platform they’ve built, as well as the trust they’ve earned from many of the industry’s most demanding financial services companies. We are excited to support TabaPay as it launches TabaBank and executes on its next phase of growth.”
As part of the transaction, Robert Anderson joined TabaPay’s board of directors.
The proposed acquisition of Transact Bank is expected to close in the fourth quarter of 2026, subject to customary regulatory approval. Financial Technology Partners (FT Partners) served as exclusive strategic and financial advisor. Reed Smith served as legal advisor to TabaPay and Gibson, Dunn & Crutcher LLP served as legal advisor to FTV Capital.
About TabaPay
TabaPay is the money movement platform of choice for leading fintechs, lenders, and platforms. Led by pioneers in instant payouts, TabaPay delivers tailored solutions designed to drive best-in-class payment performance, risk rates below industry benchmarks, and meaningful cost savings. The company serves one-third of American households and is on track to process more than $100 billion in 2026. For more information, please visit www.tabapay.com and follow the company on Linkedin.
About FTV Capital
FTV Capital is a sector-focused growth equity investment firm that has raised more than $10.2 billion to invest in innovative, high-growth companies across financial technology and services, vertical software, enterprise technology and services, and healthcare technology and services. Founded in 1998, FTV has developed a highly differentiated and disciplined growth equity model, which leverages the firm’s deep domain expertise and thematic investing approach to help portfolio companies accelerate growth. FTV also provides companies with access to its Global Partner Network®, a strategic group of more than 600 executives from many of the world’s leading enterprises, and FTV Propel®, an in-house team of seasoned operational leaders who deliver counsel and resources across a range of critical business functions. FTV has invested in over 150 portfolio companies, including Agiloft, BillingPlatform, ConnexPay, Docupace, EBANX, LoanPro, Paddle and Vagaro, and successfully exited/partially exited CardConnect (acquired by First Data), Enfusion (acquired by Clearwater Analytics), Finaro (acquired by Shift4), InvestCloud (recapitalized), Tango Card (acquired by Blackhawk Network), VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.
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