Funding news · Sep 2, 2026
TabaPay Raises $155M Series C+ Led by FTV Capital
TabaPay Raises $155M Series C+ Led by FTV Capital
TabaPay, the Palo Alto-based money movement platform, has raised $155 million in a Series C+ round led by FTV Capital. The funding was announced on September 2, 2026.
What TabaPay Does
TabaPay operates a money movement platform that lets fintechs, lenders and other platforms in regulated industries send payments and payouts instantly through a single API spanning card and bank rails.
The company's infrastructure is designed to give platforms in regulated industries a single point of integration for instant payments and payouts across both card and bank rails, rather than requiring separate integrations for each rail.
Scale and Market Position
According to the company, TabaPay:
- Processes more than $100 billion in annualized payment volume
- Ranks as the fifth-largest US card-not-present processor by transaction count
- Serves about one-third of US households
- Works with a network of more than 20 partner banks in the US and Canada
That combination of volume, transaction-count ranking and bank partner network positions TabaPay as a scaled money movement provider rather than an early-stage infrastructure play.
Leadership and Headquarters
TabaPay was co-founded by CEO Rodney Robinson and is headquartered in Palo Alto, California.
The Round
| Detail | Value |
|---|---|
| Round type | Series C+ |
| Amount | $155,000,000 |
| Currency | USD |
| Date | September 2, 2026 |
| Lead investor | FTV Capital |
| Investors | FTV Capital |
FTV Capital led the round as the sole named investor.
Why This Matters for the Payments Landscape
TabaPay sits in the money movement layer that fintechs, lenders and regulated-industry platforms rely on to move funds. Its single-API approach across card and bank rails addresses a common operational problem: platforms that need instant payouts and payments often have to maintain separate integrations and compliance relationships for each rail.
With more than $100 billion in annualized payment volume and a network of more than 20 partner banks across the US and Canada, TabaPay has built the kind of bank connectivity and processing scale that is difficult to replicate quickly. The company's ranking as the fifth-largest US card-not-present processor by transaction count further underscores its position in card-not-present flows.
Serving about one-third of US households gives the platform broad consumer reach through the fintechs and platforms that use it, rather than through a direct-to-consumer product.
What the Funding Signals
A $155 million Series C+ led by FTV Capital represents a substantial growth-stage commitment to payments infrastructure. For a company already processing over $100 billion in annualized volume, the round points to continued scaling of the money movement platform and its bank partner network.
For acquirers and strategic investors watching the payments infrastructure space, TabaPay combines several attributes that tend to matter in consolidation: scaled transaction volume, a defensible bank partner network, a single-API integration surface across card and bank rails, and exposure to fintech and lender verticals in regulated industries.
Summary
- Company: TabaPay
- Headquarters: Palo Alto, California
- Co-founder and CEO: Rodney Robinson
- What it does: Money movement platform offering instant payments and payouts through a single API spanning card and bank rails
- Round: Series C+
- Amount: $155 million
- Lead investor: FTV Capital
- Announced: September 2, 2026
- Reported scale: More than $100 billion in annualized payment volume; fifth-largest US card-not-present processor by transaction count; about one-third of US households served; more than 20 partner banks in the US and Canada