The startup offers a card payment tool that enables instant money transfers between consumers and businesses, facilitating immediate disbursement and receipt of funds. This technology reduces processing fees for businesses and lenders, thereby enhancing their profitability.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Traditional payment methods like ACH and checks can be slow and inefficient, creating friction for businesses and consumers who need to send and receive funds quickly. Existing systems often lack the real-time capabilities required for modern financial transactions, leading to delays and increased costs.
Solution
TabaPay offers a unified API platform that facilitates instant money movement for fintech innovators, providing secure and reliable payment solutions with lower processing costs. The platform provides direct connections to numerous banking partners and payment networks, enabling real-time payments and payouts to cards and accounts. TabaPay's API supports various payment rails, including card networks and RTP, ensuring broad coverage and flexibility for diverse use cases. By owning the payment stack, TabaPay eliminates intermediaries, optimizing speed, performance, and cost for its clients.
Target Audience
TabaPay primarily serves fintech companies, digital banks, lenders, and businesses requiring instant payment solutions for use cases such as on-demand pay, B2B payments, remittances, and account funding.
Features
- Unified API for both push and pull payments across cards and bank accounts
- Direct connections to 18+ banking partners and 14 payment networks
- Real-time payments (RTP) via The Clearing House (TCH) network
- Push to card functionality using Visa Direct and Mastercard Moneysend
- Cross-border payment capabilities to over 190 countries
- Least-cost routing technology to optimize transaction costs
- TabaPay Shield for fraud mitigation, including 3DS, AVS, and AML monitoring
- PCI Level 1 compliance and SOC 1/SOC 2 certifications
- Account Updater to automatically update card-on-file information
- Self-service portal for reporting, transaction status research, and user management