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New Deal


Announced

TabaPay to acquire Synapse Financial Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

banking platform

Online and Social Platforms

Acquisition

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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TabaPay, an instant money movement platform, agreed to acquire Synapse Financial Technologies, a banking platform that enables companies to provide financial products to their customers. Financial terms were not disclosed. “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. 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,” Rodney Robinson, TabaPay Co-Founder and CEO.

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