Clyde & Co Advised Majority Shareholders On The Sale Of Transactpay

Clyde & Co Advised Majority Shareholders On The Sale Of Transactpay

Clyde & Co advised ultimate majority shareholders of BIN Sponsorship provider, TransactPay, on its acquisition by Marqeta Inc.

TransactPay was founded in 2012, operating under its EMI licenses, is currently live in 25 countries, supporting 16 currencies, and is a principal member of Mastercard and Visa. It is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area. It has entered into an agreement which will see it acquired by Marqeta Inc.

Marqeta Inc. is the global card issuing platform that enables embedded finance solutions for the world’s innovators.

Simon Gamblin, Partner, Clyde & Co said, “We are seeing increased activity from our clients operating in the fintech and e-money sectors and are delighted to be supporting this transaction and the next stage in the development of TransactPay’s business.”

The Clyde & Co team was led by Simon Gamblin (Corporate Partner), Ben Chalkley (Legal Director), with the assistance of Elizabeth Evans (Partner, US), Charles Wu (Counsel), Daniel Li (Associate) and Nii-Lante Bannerman (Associate).

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