TabaPay Recognized As One Of The Most Innovative Fintech Companies In The 2023 Forbes Fintech 50
The market leader for instant money movement, TabaPay has announced that it has been named to the eighth annual Forbes Fintech 50 list. TabaPay is among the 19 first-time honorees and one of nine payments firms to make the 2023 list. Firms selected include TabaPay clients Chime, Melio, Upgrade, and partners Lead Bank and Unit among others.
“We’re proud to be acknowledged by Forbes as a fast growing, innovative fintech firm,” said CEO and Co-founder at TabaPay Rodney Robinson. “We will continue to make instant payments more ubiquitous and accessible so our clients can continue to positively impact millions of Americans.”
Forbes publishes the annual Fintech 50 list to recognize companies with the greatest measurable impact on the financial services industry through technological innovations. The selection is based on deep diligence of hundreds of US-based companies, evaluating key performance metrics, and analyzing everything from product originality to customer traction, as well as revenue growth and leadership team diversity.
The recognition follows a series of recent milestones for the firm including:
- A top enabler of Visa Direct, MasterCard MoneySend, and The Clearing House’s RTP network
- The sole acquiring processor launching Visa+ later this year
- 4 consecutive years of profitability on a GAAP basis
- 6th largest US CNP Merchant Acquirer by transaction volume
- 29 million+ in monthly settled transactions during peak
- 65 per cent of the leadership team and 55 per cent of all employees identify as women
- 135 per cent dollar volume CAGR for 2018-2022 settled transactions
- US$70 billion+ in volume and 700 million+ transactions settled since inception
“This accomplishment is a testament to our team’s unwavering commitment to our clients and recognition for delivering industry-changing payments solutions,” said CRO and Co-founder at TabaPay, Manoj Verma. “It is a humbling reflection of our progress in lowering processing costs and focusing on the best solutions for our 2,500 clients that leverage our direct connections to 14 networks across 15 banking partners.”
TabaPay was recognized as an end-to-end processing platform that makes instant payments simple to implement for any use case via a unified API. Featuring a multi-tenant design, the company supports ISO, PayFac, and reseller models alongside direct fintech clients with multiple options for modern payment orchestration.
This award follows TabaPay’s recent recognition by Deloitte, Nilson Report, and Tearsheet and is further momentum for the firm as it continues to modernize the financial technology sector.
