TabaPay Aims to Become TabaBank After Raising $155 Million

Payment infrastructure platform TabaPay says it plans to acquire Colorado’s Transact Bank.

The company announced that deal Wednesday (Sept. 2) along with the news that it had secured a $155 million strategic growth financing led by growth equity firm FTV Capital. The deal is expected to close during the fourth quarter of the year, pending regulatory approval.

Following the acquisition. […] The post TabaPay Aims to Become TabaBank After Raising $155 Million appeared first on PYMNTS.com.