Marqeta to acquire TransactPay.

Marqeta, a global modern card issuing platform, agreed to acquire TransactPay, a licensed e-money institution. Financial terms were not disclosed. “Marqeta’s business has seen tremendous growth in Europe, and we’re excited to bring the strength and talent of TransactPay within Marqeta as we build on TransactPay’s success to date and further accelerate our offerings for customers globally. Our all-in-one issuing platform enables our customers to create some of the most exciting and innovative card programs available today, creating new streams of revenue and opportunities to engage with their customers and build lasting loyalty. The TransactPay acquisition enables Marqeta to make it even smoother for our customers to grow rapidly while keeping product innovation and compliance at the forefront of their strategy,” Marcin Glogowski, Marqeta SVP Managing Director, Europe and UK CEO.