Adding a bank to the payments network
The company intends to acquire Denver-based Transact Bank and rename it TabaBank. The proposed purchase remained subject to regulatory approval, with a fourth-quarter 2026 closing target. The bank would complement its existing network of banking partners.
Capital and share purchases in one transaction
The announced $155 million transaction combines new capital for the business with purchases of existing shares. The amount going directly to the company was not separately disclosed.
Where the funding goes
- Integrated payments and banking capabilities
- Merchant liquidity products
- Strategic acquisitions