Marqeta Completes TransactPay Acquisition, Boosts European Capabilities

Marqeta has completed the acquisition of UK-based TransactPay, enhancing its card program management capabilities in Europe. This acquisition will simplify processes for Marqeta's clients, allowing them to streamline their payment services and expand more efficiently into the UK and EU markets. Marqeta's European business is experiencing significant growth, with total processing volume more than doubling year-over-year. The acquisition supports Marqeta's commitment to the European and UK markets as part of its global strategy.

Marqeta, Inc. (NASDAQ: MQ) has successfully completed the acquisition of TransactPay, a UK-based BIN Sponsorship provider and licensed E-Money Institution (EMI) in the UK and European Economic Area. The acquisition aims to strengthen Marqeta's card program management capabilities in Europe, supporting its growth strategy in the region.

Marqeta's European business has experienced significant growth, with total processing volume more than doubling year-over-year. The acquisition of TransactPay will simplify processes for Marqeta's clients, allowing them to streamline their payment services and expand more efficiently into the UK and EU markets. The combined capabilities of Marqeta and TransactPay will enable customers to take advantage of card program management features in the UK and EU, avoiding the complexity of engaging multiple partners.

According to Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqeta, "In today’s evolving global landscape, from regulatory modifications to rapid economic policy changes, the ability to deliver innovative payments products and scale quickly while staying compliant with requirements across Europe is critical. With the combined capabilities of TransactPay and Marqeta, we’re helping our customers address these fundamental payment needs."

Aaron Carpenter, CEO of TransactPay, expressed his pride in continuing as a trusted partner to Marqeta, combining their capabilities to help customers accelerate growth and bring new digital payments offerings to market more efficiently. The acquisition will support Marqeta's commitment to the European and UK markets as part of its overall global strategy.

The acquisition comes at a time when Marqeta reported strong financial results for the second quarter ended June 30, 2025. The company reported Total Processing Volume (TPV) of $91 billion, representing a year-over-year increase of 29%. Net Revenue of $150 million increased by 20% year-over-year, while Gross Profit increased by 31% to $104 million. Despite a net loss of $0.6 million, the company's adjusted EBITDA margin was 19%, reflecting its progress towards profitability objectives.

References:
[1] https://finance.yahoo.com/news/marqeta-announces-completion-transactpay-acquisition-201000466.html
[2] https://www.marketscreener.com/news/marqeta-reports-second-quarter-2025-financial-results-ce7c5ededb8cf525