TabaPay has secured $155m in strategic growth financing from FTV Capital as it prepares to move into banking through the planned acquisition of Transact Bank.
The financing combines new primary capital with a secondary transaction and comes alongside TabaPay’s plans to acquire Transact Bank, an OCC-chartered and FDIC-insured bank headquartered in Denver, Colorado.
Following completion of the deal, Transact Bank will be rebranded TabaBank, N.A. and will sit alongside TabaPay under a newly formed holding company, TabaHoldings, Inc.
The move is intended to bring payments and banking capabilities under one roof, giving TabaPay’s customers access to a more integrated service while the company continues to work with its existing network of more than 20 partner banks across the US and Canada.
TabaPay operates a money movement platform serving fintechs, lenders and high-growth platforms across the US and Canada. Its single API supports payments across both card and bank rails, and the company says its infrastructure can reduce client costs by as much as 75% while improving reliability.
The company is on track to process more than $100bn in payment volume this year and is the fifth-largest card-not-present processor in the US by transaction count, according to TabaPay. It also says its services are used by around one-third of American households.
The planned banking operation is designed to address some of the growing complexity around sponsor banking as fintech platforms expand into new use cases and increasingly rely on multiple banking partners.
TabaBank will work alongside TabaPay’s existing bank network to provide additional capacity for use cases including digital banking and debt repayment. It will support major money movement rails including RTP, FedNow, ACH and wire transfers, as well as card sponsorship across Visa, Mastercard, Discover and regional networks.
The bank is also expected to act as an acquirer across industries and major card networks, strengthening TabaPay’s sponsorship offering for merchants, independent sales organisations and payment facilitators.
Alongside the banking expansion, the $155m raised will support further product development, including new merchant liquidity tools, as well as potential acquisitions.
TabaBank is expected to become one of a small number of payments-focused banks based in Silicon Valley, according to TabaPay, giving it closer proximity to fintech and technology companies with complex money movement requirements.
TabaPay co-founder and CEO Rodney Robinson said, “For nearly a decade, TabaPay has helped innovative fintech companies move money faster, more efficiently and more reliably. 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.”
FTV Capital partner Robert Anderson said, “As payments infrastructure becomes increasingly complex and mission-critical, TabaPay stands out for its scale, reliability, and profitable growth. 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.”
Read the daily FinTech news for the intelligence and early insight that keeps industry leaders ahead of what’s next.
Copyright © 2026 FinTech Global
