SoftBank Vision Fund 2 invested in a Mountain View-based instant money platform TabaPay.
The amount of the deal has not been disclosed.
The company plans to use the funds for further development of its Fintech Payment Platform, commitment to new verticals, and faster global expansion.
Led by Rodney Robinson, Chief Executive Officer & Co-Founder, TabaPay is an instant money movement platform, which enables secure instant payments for Fintech innovators such as early/earned wage access providers, banks, lenders, crypto, remittances, B2B payments and more.
It provides direct access to 15 banks partners, 14 networks and multiple geographies. The company also offers innovative products, features, and services in one unified API. It is used by >2,000 Fintechs and Financial Institutions.