M&A Deal Summary

TabaPay Acquires Synapse

On April 19, 2024, TabaPay acquired information technology company Synapse

Acquisition Highlights
  • This is TabaPay’s 1st transaction in the Information Technology sector.
  • This is TabaPay’s 1st transaction in the United States.
  • This is TabaPay’s 1st transaction in California.

M&A Deal Summary

Date 2024-04-19
Target Synapse
Sector Information Technology
Buyer(s) TabaPay
Deal Type Special Situations/Distressed

Target

Synapse

San Francisco, California, United States
Synapse is a regulated embedded finance platform provider that enables companies across the globe to launch feature complete deposit, payment, and credit products at scale. The company's unified banking-as-a-service platform provides industry-compliant payment, card issuance, deposit, lending, credit, and investment products through simple APIs. Synapse is based in San Francisco, California.

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Buyer(S) 1

Buyer

TabaPay

Mountain View, California, United States

Category Company
Sector Information Technology
DESCRIPTION

TabaPay is a money movement platform for scalable, resilient, and cost-efficient instant payment solutions. The company provides merchant acquiring, instant payments, and services across the payments ecosystem. Through its unified API, customers gain direct access to 15 banking partners, 16 network connections, and full-stack payment processing, which enables flexibility while eliminating redundant processes. TabaPay is based in Mountain View, California.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1