White & Case Advises Pollinate on Growth Capital Investment Round
Global law firm White & Case LLP has advised Pollinate on its growth capital investment round from a consortium of global industry leaders.
Mastercard, Motive Partners and EFM Asset Management will join the Royal Bank of Scotland Group as investors in, and partners to, the Pollinate business.
"The Pollinate platform is reinventing merchant acquiring for banks by transforming their customers' digital experiences and this investment round is an important step in Pollinate's expansion," said White & Case partner Guy Potel, who led the Firm's deal team. "Pollinate is a pioneering fintech company and we have been supporters of and advisers to the business since its inception in 2017. This transaction adds to our impressive recent run of advising on deals involving financial services innovators."
Pollinate is a UK-based software business formed of experts and global industry leaders from the financial services, merchant acquiring, loyalty and technology sectors. Pollinate focuses on reinventing merchant acquiring for banks around the world, providing an innovative cloud-based platform that wraps around a bank's legacy payment systems. Conceived in 2017, the first deployment of the platform took place in Spring 2019 with the launch of the Tyl by Natwest merchant services business in the UK, and Pollinate is now in advanced discussions with other retail banks around the world.
"Bringing together such an esteemed group of investors from around the world, each with their own approach and particular reasons for wanting to be involved is a complex process both legally and commercially, we simply could not have been better supported and advised by White & Case. The team became part of our business family and not only negotiated the myriad of legal agreements superbly on our behalf, they also coordinated many complex commercial discussions with calmness and gravitas," said Alastair Lukies CBE, Founder and CEO of Pollinate. "I have and will continue to recommend this team to any company in the Fintech community."
The White & Case team in London which advised on the transaction was led by partner Guy Potel and included partners Lindsey Canning, Nicholas Greenacre, Helen Levendi, Michael Wistow, and James Hardy, counsel Deborah Lincoln and associates Erika Games, Marta Zieba, Benita Tibb, John Timmons, Katarina Ward, Chris Ewing, Elizabeth Emerson, and Juanita Derex-Briggs.
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