TabaPay Makes the 2023 Forbes Fintech 50

Jason Tinder
June 13, 2023
• 5 min read

Key Takeaways

• Forbes recognized TabaPay on its 2023 Fintech 50 list for payment innovation.
• The award highlights TabaPay's role alongside industry partners and clients.
• TabaPay is honored for transforming money movement for fintechs and financial institutions.

This month we announced TabaPay was recognized by Forbes as a Fintech 50 on the 2023 list. We are among 19 first-time honorees and one of nine payments firms to make this year’s list. We are proud to be selected alongside clients Chime, Melio, Upgrade, and partners Lead Bank and Unit, among others on the eighth annual Fintech 50.

“We’re proud to be acknowledged by Forbes as a fast growing, innovative fintech firm. We will continue to make instant payments more ubiquitous and accessible so our clients can continue to positively impact millions of Americans.”
-Rodney Robinson, CEO and Co-founder at TabaPay

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 U.S.-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 at TabaPay 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 U.S. CNP Merchant Acquirer by transaction volume
• 29 million+ in monthly settled transactions during peak
• 65% of the leadership team and 55% of all employees identify as women
• 135% dollar volume CAGR for 2018-2022 settled transactions
• $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. 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.”

-Manoj Verma, CRO and Co-founder at TabaPay

We were 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 other recent recognitions by Deloitte, Nilson Report, and Tearsheet and is further momentum for us to continue to modernize the financial technology sector.