Overview
TabaPay is a US-based fintech payments company specializing in ACH, wire transfers, and merchant acquiring. Processes $100+ billion in annual payment volume through partnerships with 20+ US and Canadian banks. Founded with mission to simplify payment movement and banking infrastructure.
Transact Bank Acquisition (September 2026)
- Announcement: Announced with $155M Series funding (September 2, 2026)
- Funding Leader: FTV Capital
- Target: Transact Bank N.A. (Denver, Colorado)
- Charter: OCC-chartered, FDIC-insured institution
- Timeline: Closing expected Q4 2026 (subject to regulatory approval)
- Post-Acquisition: Transact Bank renamed TabaBank N.A., operating under TabaHoldings Inc. (new bank holding company)
Strategic Rationale
Vertical Integration: Consolidates payments and banking under single roof
- Eliminates Intermediaries: Direct Federal Reserve access vs. relying on bank partnerships
- Unified Accounts: Single merchant account vs. multiple bank relationships
- Regulatory Simplification: OCC federal charter vs. patchwork state money transmitter licenses
- Capital Efficiency: Direct access to FedNow, ACH, RTP, wire transfers
Financial Scale
- Annual Payment Volume: $100B+ (pre-acquisition)
- Bank Partnerships: 20+ institutions
- Funding: $155M Series round for acquisition + strategic growth
- Card Networks: Visa, Mastercard, Discover, regional networks
Post-Acquisition Positioning
TabaBank N.A. will offer:
- Direct banking (accounts, lending)
- Payments (card sponsorship, ACH, RTP, wire)
- Digital banking use cases
- B2B payment and receivables solutions