Announced
Financials
Sources
Tags
United States
banking platform
Online and Social Platforms
Acquisition
Domestic
Majority
Private
Pending
Friendly
Single Bidder
Synopsis
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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