TabaPay Raises $155 Million and Plans Transact Bank Acquisition

TabaPay secured $155 million in strategic growth financing led by FTV Capital. This investment positions the payment infrastructure platform to expand its capabilities and pursue its acquisition strategy.

Acquisition Overview

The company announced plans to acquire Transact Bank, a Colorado-based institution chartered by the Office of the Comptroller of the Currency (OCC) and FDIC-insured. Following closing, Transact Bank will be rebranded as TabaBank, N.A., and will operate under TabaHoldings, Inc., a newly registered bank holding company.

Timeline

The deal is expected to conclude during the fourth quarter of 2026, contingent upon regulatory approval.

Strategic Rationale

According to CEO Rodney Robinson, the initiative 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.”

The acquisition addresses several key objectives:

• Acquirer Capabilities: The investment positions TabaBank to serve as an acquirer across all industries and major card networks
• Enhanced Services: The combined entity will strengthen sponsorship capabilities for merchants, ISOs, and payment facilitators
• Product Development: Supports TabaPay’s roadmap for merchant liquidity solutions and strategic acquisitions
• Market Positioning: Establishes TabaBank as one of few payments-focused banks in Silicon Valley

Current Business Scale

TabaPay currently processes over $100 billion in annual payment volume through partnerships with more than 20 banks in the U.S. and Canada.

Additional Context

The company’s vertical integration strategy reflects industry trends toward consolidating payments and banking services under unified platforms to provide seamless customer experiences.