Add-on Acquisition • Financial Services

Marqeta Acquires TransactPay

On February 26, 2025, Marqeta acquired financial services company TransactPay

Acquisition Context
  • This is Marqeta’s 2nd transaction in the Financial Services sector.
  • This is Marqeta’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date February 26, 2025
Target TransactPay
Sector Financial Services
Buyer(s) Marqeta
Deal Type Add-on Acquisition

Target Company

TransactPay

Queensway, United Kingdom
TransactPay is a BIN Sponsorship provider and E-Money Institution (EMI), regulated and authorized by the Gibraltar Financial Services Commission and Malta Financial Services Authority. TransactPay is headquartered in Queensway, London.
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Buyer Overview 1

Buyer

Marqeta

Oakland, California, United States

Category Company
Founded 2010
Sector Financial Services
Employees854
Revenue 507M USD (2024)
DESCRIPTION

Marqeta is a prepaid debit and credit card platform that enables issuers to easily launch card programs with cards that have a high level of control and customization. The company provides end-to-end program management solutions for enterprises and is an integrated payment processor for established financial institutions. Marqeta was founded in 2010 and is based in Oakland, California.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 2 of 2
Type: Add-on Acquisition 2 of 2
Country: United Kingdom 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 Power

New York, New York, United States

Power is a credit card issuer built on modern tech, from the ground up. The company's cloud-native platform is tailored to meet the needs of high-growth brands that use Power, providing them with solutions that have not been supported in the past. Power is based in New York, New York.

Buy $275M