What happened: Banking Circle is the partner of choice for many regulated financial services companies. This includes well-known fintech companies such as Stripe and Nuvei, but Banking Circle also works with regulated non-financial brands and infrastructure providers. Banking Circle is owned by private equity firm EQT, which is looking to sell the company for at least $3-4 billion (Bloomberg; The Paypers).
My comment: When a European firm gets its e-money licence, it will likely at least consider Banking Circle for safeguarding and payment rails access. Banking Circle has multiple strong competitors, including traditional banks, so they don’t win every significant deal but have developed into a key player. Banking Circle was originally a part of Danish Saxo Bank but was acquired by EQT and others in 2018. After over six years, the investors have likely reached their investment cycle and partnered with well-known Financial Technology Partners to get some return on their investment. The price tag of at least $ 3-4 billion limits the names of potential acquirers; anybody wants to take a guess?
