Fintech Business Weekly reports that TabaBank will operate alongside TabaPay under a newly formed entity, TabaHoldings, Inc.
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Publisher name
Public post
New: TabaPay, an Evolve Bank partner, has raised a $155m funding round led by FTV and, pending regulatory approval, will acquire Transact Bank, N.A.: Per a news release…
Company
Fintech Business Weekly
The Business of Fintech: a weekly newsletter offering original analysis of what is happening in fintech.
- Industry
- Banking
- Location
- Amsterdam, NL
- Company size
- 1 employee
About Fintech Business Weekly
A weekly fintech- and banking-focused newsletter. Common topics include: business model analysis, challenger banks, consumer lending, regulatory developments, open banking, data, and more.
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Latest activity from Fintech Business Weekly
13 signals
Legal & Regulatory
Fintech Business Weekly reported that two Thai nationals, Nutthawat Rukthammachalern and Natthawat Kasamvilas, filed a lawsuit against Tether.io in the Southern District of New York in federal court, seeking to freeze $42 million worth of stablecoins.
Legal & Regulatory
Fintech Business Weekly reported that consumer stablecoin cards issued by Visa principal member Rain drained over $1 million due to a smart contract flaw in an outdated Solana smart contract.
Legal & Regulatory
Fintech Business Weekly reports that the CFPB has hired Rust Consulting to handle the claims and reimbursement process for Synapse-Evolve Bank & Trust.
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Strategy & Corporate Development
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TechStrat Ltd. noted that TabaPay announced plans to acquire Transact Bank bringing banking infrastructure, compliance capabilities, and payment rails under the same fintech platform subject to regulatory approval.
Strategy & Corporate Development
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This Week in Fintech reports that Circle has agreed to acquire cross-border payments platform Tazapay to expand its stablecoin payments infrastructure globally.
Strategy & Corporate Development
Method Resourcing
Method Resourcing announced that TabaPay plans to acquire OCC-chartered and FDIC-insured Transact Bank N.A., renaming it TabaBank.
Strategy & Corporate Development
Ptera Technologies
Ptera Technologies notes that TabaPay is raising $155M and acquiring OCC-chartered Transact Bank to bring payments, sponsorship, and banking capabilities under one roof.
Strategy & Corporate Development
Connecting the Dots in FinTech - Funding & M&A