Freemarket, a leading fintech platform for regulated B2B cross-border payments and currency exchange, has announced a growth capital investment from Baird Capital’s Global Private Equity Fund. The investment supports Freemarket's continuing fast growth and international expansion, as well as providing a partial cash-out to existing shareholders.
Freemarket provides its customers with reliable and efficient B2B cross-border payments through its proprietary technology platform. Freemarket's global banking network and innovative technology platform enables customers to send payments/funds efficiently to over 100 countries in 140 currencies, removing cross-border payments complexities, improving transparency and increasing efficiency.
Osborne Clarke advised Freemarket on the deal with a corporate team led by partner Robert Wood. It also included associate director Robert Pook, associates Chris Flach and James Robertson. Partner Tracey Wright advised on tax and partner Michael Carter advised on incentives. Legal director Clare Burnam provided regulatory advice.
Baird Capital was advised by Squire Patton Boggs (Legal), Grant Thornton (Financial, Tax, & Regulatory Diligence), Oliver Wyman (Commercial Diligence) and finnCap (M&A Advisor).
In 2022, Freemarket ranked #12 in the Sunday Times Hundred* and #25 in the Deloitte Technology Fast 50 program which celebrates and champions the UK’s fastest-growing technology businesses. In 2023, Freemarket ranked #81 in the FT1000: Europe's Fastest Growing Companies.
Osborne Clarke’s corporate team are considered a go-to practice for many in the tech, media and comms sector, working with leading global businesses, fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
Freemarket works with businesses to accelerate their growth by giving them access to cross-border payments and currency exchange in over 140 currencies and across 100 countries optimized for their needs through a single API integration and its proprietary platform.
*The Sunday Times 100, Britain's fastest-growing private companies. The league table takes on the baton from The Sunday Times Fast Track 100 series, which celebrated the country's leading entrepreneurs for 24 years. The 2022 league table is supported by Barclays Private Bank and DHL Express.