TabaPay Closes $155 Million Strategic Growth Financing Led by FTV Capital and Announces Planned Acquisition of Transact BankTabaPay, 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.
TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc.
TabaPay, Inc., the leading instant money movement platform for the fintech industry, today announced it has entered into an agreement to acquire the assets and affiliates of Synapse Financial Technologies, Inc. The agreement follows the filing by Synapse of a voluntary bankruptcy petition under Chapter 11.
