Clyde & Co advises majority shareholders on the sale of TransactPay

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

TransactPay, 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, the global card issuing platform that enables embedded finance solutions for the world’s innovators.

Founded in 2012, TransactPay, operating under its EMI licenses, is currently live in 25 countries, supporting 16 currencies, and is a principal member of Mastercard and Visa.

Simon Gamblin, Partner, Clyde & Co said:

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