A cross border multi-disciplinary Goodwin team is advising Sentenial Limited and its founder and other shareholders on the sale to EML Payments Limited, a payments technology platform. The deal which is subject to mandatory regulatory approvals has a transaction enterprise value of approximately €110m including earn-out proceeds.
Sentenial and its open banking brand Nuapay is a cloud-native, API-first, full-stack enterprise-grade payments company, processing €45 billion per annum and is dually regulated in the United Kingdom and France. Post-acquisition, EML will be one of the largest independent fintech enablers in open banking and prepaid anywhere in the world.
Bradshaw commented, “Sentenial and Nuapay are right at the forefront of the payments technology revolution in Europe and with EML’s backing are set to become a global scale-player in open banking and account-to-account payments. We are thrilled to support the team on the deal and continue our mission of advising innovators and investors in some of the most dynamic areas of the economy.”
For more details please read the full release here.