TabaPay Closes $155 Million Financing

<p><strong>PALO ALTO<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Ftabapay&period;com&percnt;2F&amp&semi;esheet&equals;54597768&amp&semi;newsitemid&equals;20260902796374&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;TabaPay&percnt;2C&plus;Inc&amp&semi;index&equals;1&amp&semi;md5&equals;b4dd70c4a571fe78b1d1aca877a03d20" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">TabaPay&comma; Inc<&sol;a>&period;&comma; a leading money movement platform&comma; has announced a &dollar;155 million strategic growth financing led by <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fftvcapital&period;com&percnt;2F&amp&semi;esheet&equals;54597768&amp&semi;newsitemid&equals;20260902796374&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;FTV&plus;Capital&amp&semi;index&equals;2&amp&semi;md5&equals;210917318f2d36c22584dcc34f6c316f" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">FTV Capital<&sol;a>&period; This financing includes both primary capital for the company and a secondary transaction&period; TabaPay is also acquiring Transact Bank&comma; N&period;A&period;&comma; an OCC-chartered and FDIC-insured bank based in Denver&period;<&sol;p>&NewLine;<p>The investment and planned acquisition will advance TabaPay&&num;8217&semi;s commitment to offer superior client service and solutions through vertical integration and will strengthen its integrated payments and money movement capabilities&period; Following the acquisition&comma; Transact Bank will be renamed TabaBank&comma; N&period;A&period;&comma; and operate alongside TabaPay under TabaHoldings&comma; Inc&period;&comma; a newly registered bank holding company&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;For nearly a decade&comma; TabaPay has helped innovative fintech companies move money faster&comma; more efficiently and more reliably&comma;” said Rodney Robinson&comma; co-founder and CEO of TabaPay&period; &OpenCurlyDoubleQuote;The planned launch of TabaBank will bring payments and banking capabilities under one roof&comma; offering our clients a more integrated experience while continuing to work alongside our network of bank partners&period; Together&comma; TabaBank and FTV’s investment will expand our capabilities and help keep TabaPay at the forefront of payment innovation&period;”<&sol;p>&NewLine;<p>TabaPay powers critical money movement infrastructure for leading fintechs&comma; lenders&comma; and other high-growth platforms&period; Through a single API&comma; TabaPay enables instant payments and payouts across card and bank rails&comma; helping customers reduce costs by up to 75&percnt;&comma; improve reliability&comma; and simplify complex payment workflows&period; With a network of more than 20 partner banks across the U&period;S&period; and Canada&comma; the company is on track to process more than &dollar;100 billion in payment volume this year&comma; ranks as the fifth-largest card-not-present processor by transaction count in the U&period;S&period;&comma; and serves one-third of American households&period;<&sol;p>&NewLine;<p>As regulatory requirements continue to evolve&comma; fintechs and other platform businesses increasingly rely on multiple sponsor banks to support a broad range of use cases&comma; adding complexity and limiting redundancy&period; The planned acquisition of Transact Bank and launch of TabaBank are designed to address these challenges&period; Once fully operational&comma; TabaBank will complement TabaPay’s existing partner bank network&comma; providing additional redundancy and expertise for challenging use cases&comma; including digital banking and debt repayment&comma; while supporting all major money movement rails&comma; including RTP and FedNow&semi; ACH and wire transfers&semi; and card sponsorship across Visa&comma; Mastercard&comma; Discover&comma; and regional networks&period;<&sol;p>&NewLine;<p>The &dollar;155 million investment is also expected to qualify TabaBank to serve as an acquirer for all industries&comma; across all major card networks&period; This will bolster TabaPay’s sponsorship capabilities for merchants&comma; ISOs&comma; payment facilitators&comma; and other platform customers&period; It will also serve to accelerate TabaPay’s product roadmap&comma; including developing innovative merchant liquidity solutions and pursuing strategic acquisitions&period; TabaBank will be one of only a few payments-focused banks in Silicon Valley&comma; well-positioned to serve local fintech and technology companies with complex money movement needs&period;<&sol;p>&NewLine;<p>&&num;8220&semi;As payments infrastructure becomes increasingly complex and mission-critical&comma; TabaPay stands out for its scale&comma; reliability&comma; and profitable growth&comma;” said Robert Anderson&comma; partner at FTV Capital&period; &OpenCurlyDoubleQuote;We’ve known Rodney and the team for several years and have been continually impressed by the differentiated platform they’ve built&comma; as well as the trust they’ve earned from many of the industry’s most demanding financial services companies&period; We are excited to support TabaPay as it launches TabaBank and executes on its next phase of growth&period;”<&sol;p>&NewLine;

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