Clarion Capital Partners completes investment in Ready Credit Corporation

2 minute read
25 May 2023

On May 25, 2023, Clarion Capital Partners, LLC ("Clarion") completed an investment in Ready Credit Corporation, including its subsidiary, Reverse ATM, LLC. 

Ready Credit is a fintech company headquartered in Minnesota that provides innovative, prepaid product solutions that enable businesses to transition to cashless operations while continuing to serve cash-reliant customers. Businesses that currently benefit from Ready Credit's cashless payments solution include the largest domestic and international airlines and airports throughout the US, Canada and Mexico; major and minor league sports and entertainment venues; transit authorities; amusement parks; hospitals; museums; and other specialty attractions 

Clarion is a New York-based private equity firm that focuses on making control equity investments in lower middle market growth companies. Clarion's industry focus includes Business & Healthcare Services, Financial Services, Media, Entertainment & Technology, and Consumer & Retail.

Gowling WLG advised Clarion on Canadian aspects of this transaction with a team that included Daniel Scott, Fabienne Racicot and Brendan Goodman (corporate) and Elad Gafni (foreign investment review).

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