Railsr is a market-leading embedded finance platform that provides banking-as-a-service and cards-as-a-service with offerings such as card issuing, virtual wallets and BIN sponsorship, while Equals develops and sells scalable payment platforms to enable organisations to move and easily manage their money flows through its payment and card products.  The consortium believes that combining Equals and Railsr will further accelerate both businesses’ performance whilst also delivering synergies as a result of integrating the businesses within a combined group.

The Macfarlanes team was led by corporate and M&A partners Justin Hope and Richard Burrows with assistance from senior counsel Lauren Bretton, senior associate Emma Bailey, associates Charlotte Cato and Sarvi Mirbaghery. Financial services regulation advice was provided by partner Michael Sholem and associates Darius Tehrani-Vahid and Gemma Edey. Competition advice was provided by partner Malcolm Walton and senior associate Andrew Morrison.