TabaPay Raises $155 Million and Plans to Acquire Transact Bank

# TabaPay Raises $155 Million and Plans to Acquire Transact Bank

> Evidence tier: B1
> Evidence type: Payments-trade report based on TabaPay's financing and planned bank-acquisition announcement
> Source: [PYMNTS](https://www.pymnts.com/news/acquiring/2026/tabapay-aims-to-become-tababank-after-raising-155-million)
> Published: 2026-09-02
> Captured: 2026-09-03T01:43:00.947Z

## Source summary

PYMNTS reports that TabaPay closed a USD 155 million strategic financing led by FTV Capital and agreed to acquire OCC-chartered, FDIC-insured Transact Bank. The acquisition is expected to close in the fourth quarter of 2026 subject to regulatory approval, after which the bank would be renamed TabaBank. TabaPay says its API supports card- and bank-network payments and payouts through more than 20 partner banks in the United States and Canada.

## Why it matters

Owning a chartered bank could combine processing, sponsorship, merchant acquiring and liquidity capabilities under one group. The financing is closed, but the bank acquisition and TabaBank launch are not: the report gives no approval outcome, closing certainty, integration timetable, new cross-border corridor, pricing or measured customer result. TabaPay's projection of more than USD 100 billion processed in 2026 is a company forecast, not a completed audited total.

## Key numbers

- **Strategic growth financing:** USD 155 million
- **Partner banks stated by TabaPay:** 20+ in the U.S. and Canada
- **Expected acquisition closing:** Q4 2026, subject to regulatory approval

## Topics and entities

- Industry lane: Payment infrastructure
- Entities: TabaPay / Transact Bank / FTV Capital
- Payment infrastructure
- Cross-border payments

## Evidence and credibility note

Readable PYMNTS report based on a linked company announcement. Financing and proposed transaction terms are attributable; regulatory approval, closing, integration and operating outcomes remain unverified.

Date evidence: PYMNTS article metadata dated September 2, 2026; linked company announcement dated September 2, 2026

## First-party corroboration

- [https://www.businesswire.com/news/home/20260902796374/en/TabaPay-Closes-%24155-Million-Strategic-Growth-Financing-Led-by-FTV-Capital-and-Announces-Planned-Acquisition-of-Transact-Bank](/en/items/https://www.businesswire.com/news/home/20260902796374/en/TabaPay-Closes-%24155-Million-Strategic-Growth-Financing-Led-by-FTV-Capital-and-Announces-Planned-Acquisition-of-Transact-Bank)

## Original-source traceback

[Open the original PYMNTS report](https://www.pymnts.com/news/acquiring/2026/tabapay-aims-to-become-tababank-after-raising-155-million)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.