Overview of Transaction

• On July 27, 2018, ING announced that it has reached an agreement to invest €21,000,000 in TransferMate
• TransferMate and ING have also agreed to a strategic partnership across 18 countries in mainland Europe
• Headquartered in Amsterdam, ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank
• The purpose of ING Bank is to empower people to stay a step ahead in life and in business
• ING Bank’s more than 51,000 employees offer retail and wholesale banking services to customers in over 40 countries
• Founded in 2010 in Ireland, TransferMate is a cross-border payments platform that harnesses its technology and global banking infrastructure to serve businesses worldwide

Significance of Transaction

• The transaction and partnership will allow ING to better serve its customers by harnessing TransferMate’s cross-border API technology and payments licenses to reduce costs and improve cash flow

FT Partners' Role

• FT Partners served as strategic and financial advisor to ING on this transaction
• This transaction further supports FT Partners’ continued success in the Payments space and highlights the Firm’s versatility in generating attractive outcomes on both the sell-side and the buy-side
• FT Partners leveraged its deep, global industry knowledge and transaction expertise to help achieve a favorable transaction outcome