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Transaction Watch: January 30th - February 9th

Transaction Watch

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M&A Overview

M&A activity picks up traction across the payments landscape with several new deal announcements. To kick things off, Marqeta has announced their agreement to acquire Power Finance, a card management platform founded in 2021. This deal marks Marqeta’s first acquisition as they strive toward expanding their credit card products through new innovative tools. Marqeta will pay $223 million in cash, plus an additional $52 million that’s subjected to a milestone being achieved within the next 12 months. Separately, Fleetcor announced last week their acquisition of Mina, an electric vehicle charging software platform. This acquisition follows a successful partnership between the two companies and largely supports Fleetcor’s ability to expand into this new and growing market. Terms of this deal were not disclosed.

In other M&A news, Stripe has unveiled that they will make a plan to go public within the next year. The company’s public debut date and methodology are yet to be determined; however, many have anticipated this long-awaited listing for several years. In addition, Thrive Capital is reportedly committing $1 billion in new capital to Stripe as part of a new investment, which may value the company between $55 to $60 billion.

You might also like…
  • M&A Winter is Coming – Commentary by Jim Zipursky, Chairman & CEO of Corporate Finance Associates Worldwide, a Strategic M&A Partner of TSG.
  • TSG Announces 2023 Top Performing Payment Gateways – TSG (The Strawhecker Group) is pleased to recognize a selection of payments companies for their exceptional performance across several key areas critical to a successful platform.
  • Directory of U.S. Merchant Acquirers, sponsored by FIS – TSG’s most comprehensive report on U.S. merchant acquirers, featuring over 9,000 data points on more than 320 companies; covering national leaders to regional ISOs.
  • Executive Interviews – we regularly sit down and discuss payments with executives throughout the payments ecosystem.
  • TSG Services – need support? We support the industry with a unique combination of expertise, deep analytics, and unparalleled intelligence.

Zach Spellman

Project Manager

402.964.2617 (HQ)