TabaPay provides instant payment solutions that are secure, reliable, and cost-effective, primarily serving fintech firms, merchants, and digital platforms. Their platform connects directly to 15 banking partners and 14 networks, allowing for efficient payment processing that is crucial for modern financial transactions. TabaPay's services cater to businesses needing quick payment methods, such as e-commerce sites and digital wallets. The company earns revenue through transaction fees and service charges while maintaining competitive rates and high security standards by partnering with financial institutions. Additionally, TabaPay offers risk management tools through its TabaPay Shield suite to help clients prevent fraud and enhance transaction security. Recognized as one of the fastest-growing technology companies in North America, TabaPay emphasizes diversity and inclusion within its workforce, which contributes to its customer-focused approach and innovative solutions.

Fintech

Financial Services

TabaPay

At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t retrieve their money, that sponsor banks and other FinTechs have walked away from relationships with the funds … and even that other firms are facing existential threat, there’s one theme that’s emerging:. The interconnectedness of it all. At almost every level, the banking-as-a-service (BaaS) model may be sorely tested

Five Things To Watch As Synapse Bankruptcy Impact Shakes Up Fintechs

In financial services, the recent news that TabaPay would be ending its planned acquisition of the FinTech Synapse Financial Technologies brings to mind a different type of connectivity:

Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks

TabaPay has abandoned its plans to purchase the assets of troubled banking-as-a-service startup Synapse, TabaPay confirmed to TechCrunch today. Synapse says the problem is banking partner Evolve Bank  Trust. And Evolve says it is not involved, and not to blame. Meanwhile, another player in the saga, Mercury, says Synapse’s allegations have “no merit.”Synapse’s counsel declared in bankruptcy court on Thursday that the deal would not be moving forward, Fintech Business Weekly’s Jason Mikula shared on LinkedIn. A spokesperson for TabaPay confirmed to TechCrunch on Thursday afternoon that the company had “pulled out,” but did not provide additional details. Synapse CEO and co-founder Sankaet Pathak, however, believes that TabaPay can still be convinced to stay in the deal. He told TechCrunch that his “understanding is that TabaPay is still interested in doing the acquisition, but Evolve has failed to meet their closing condition for TabaPay to be able to close.” That closing condition is that Evolve Bank  Trust must fully fund its FBO accounts and has thus far failed to do so, according to Pathak

Infighting Among Fintech Players Has Caused Tabapay To ‘Pull Out’ From Buying Bankrupt Synapse

Innovation is a key factor in any company’s ability to succeed in the long run. And so are the ways in which they pay and get paid. That’s why, within the B2B payments landscape, innovation plays a crucial role in enabling businesses to streamline processes, reduce costs, mitigate risks and enhance the overall efficiency and effectiveness of their payment operations. As technology continues to advance, we can expect further innovations to reshape the way B2B payments are conducted, ultimately driving global commerce to new heights

This Week In B2B: Enterprise Metaverses, Ai Accountants, Virtual Cards

Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational resilience is increasingly top of mind for firms. Against a macro backdrop embattled by global pandemics and geopolitical tensions, the ability to withstand and recover from financial shocks, is becoming a strategic imperative for long-term success and stability. So much so, in fact, that the United Kingdom is making operational resilience a requirement for regulated financial entities, as per the U.K. Financial Conduct Authority’s (FCA) policy statement “Building Operational Resilience” (PS21/3) and the Prudential Regulation Authority’s (PRA) Supervisory Statement “Operational resilience: Impact tolerances for important business services” (SS1/21)

Fi Operational Resiliency Goes Proactive As Uk Regulations Loom

Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and financial institutions, the company said in a news release. TabaPay noted that the two firms had offered complementary financial technology services, with both companies appearing on Deloitte’s 2023 Fast 500. “The addition of the Synapse features is an acceleration of our TabaPay story, one dedicated to delivering great solutions that help our clients rapidly innovate, save money, and offer great financial products to their customers,” said Rodney Robinson, TabaPay’s co-founder and CEO

Tabapay To Acquire Assets Of Bankrupt Fintech Synapse

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--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. With the addition of the Synapse assets, TabaPay will offer an unprecedented array of financial services for fintech firms and financial institutions, pending approval by the bankruptcy court. Prior to the acquisition, the two businesses provided complementary financial technology services, with both companies ranking on Deloitte’s 2023 Fast 500 with Synapse posting 650%+ growth over a five-year period. “The addition of the Synapse features is an acceleration of our TabaPay story, one dedicated to delivering great solutions that help our clients rapidly innovate, save money, and offer great financial products to their customers,” said Rodney Robinson, the Co-founder and CEO of TabaPay. “The Synapse assets are a great and natural fit to our existing services to grow our offerings in tandem with providing continuity to Synapse clients and banks.”

Tabapay To Acquire The Assets Of Synapse Financial Technologies, Inc.

gettyPayment processor TabaPay said it has agreed to acquire the operating assets of Synapse Financial Technologies, a troubled banking-as-service fintech. According to TabaPay, the sale follows Synapse’s filing today of a Chapter 11 bankruptcy petition, meaning the deal must be approved by the bankruptcy court. The sale would move San Francisco-based Synapse’s lending, brokerage and credit and debit card issuing platforms to Mountain View, California-based TabaPay.TabaPay CEO Rodney Robinson described Synapse’s services as “a natural fit” to those his company already offers and said he expects to hire “quite a few” of Synapse’s 100 or so current employees. He added that Synapse CEO Sankaet Pathak will join TabaPay in a role to be announced next week. He declined to say what TabaPay has agreed to pay for the assets, though presumably that should be disclosed later in bankruptcy court filings.In a post on Medium today, Pathak lauded the deal as providing “continuity” and better support for Synapse’s customers—without, however, mentioning a bankruptcy filing. As of this writing, a filing was not available in the bankruptcy court system.Pathak founded Synapse in 2014 as a digital bank and quickly pivoted into the business of helping other fintechs partner with traditional banks so they could offer financial products such as checking accounts and debit cards

Tabapay Agrees To Acquire Struggling Synapse'S Assets

In November, TabaPay was selected by Deloitte as one of the fastest-growing companies as part of the 2023 North America Technology Fast 500™ .

Deloitte Names TabaPay To The 2023 North America Technology Fast 500

Pathward, a US-based company focused on financial inclusion, has expanded its partnership with TabaPay, a money movement platform for merchants and leading FinTech brands.

Pathward and TabaPay Extend Their Association to Bring Speedy Payment Solutions

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