On February 26, 2025, Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, and TransactPay, a BIN Sponsorship provider that is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area, announced that they have entered into an agreement under which Marqeta will acquire TransactPay. Wilson Sonsini Goodrich & Rosati advised Marqeta on the transaction.

The transaction will enable Marqeta to further strengthen its platform, bolstering its digital payments capabilities for customers in the UK and the European Union and enabling existing customers to expand more easily into European markets. The integrated offering will include dedicated customer and production support and strategic bank, network, and regulatory relationships, ensuring card programs can scale throughout the region.

The Wilson Sonsini team that advised Marqeta on the transaction includes:

Corporate/M&A
Rich Mullen
Ryan Cooper
Melis Kilic
Ross Davies

Technology Transactions
Chris Paniewski
Andrew Poling
Mary O’Brien 

Data, Privacy, and Cybersecurity
Matt Staples
Nikolaos Theodorakis
Tom Evans
Michael O’Brien 

Tax
Myra Sutanto Shen
Brandon King

Fintech and Financial Services/National Security
Jess Cheng
Michael Casey
Stephen Heifetz
Navpreet Moonga
Grace Beck

Employee Benefits and Compensation
Sriram Krishnamurthy
Matt Norgard
Lori Howey

Employment Law
Matt Gorman
Colleen Angus-Yamada

Regulatory
Tarek Helou
Anne Seymour
Seth Cowell

For more information, please see the companies’ news release.