Venable Represents Clarion Capital Partners in Fintech Payment Solutions Platform Investment

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Venable represented Clarion Capital Partners, LLC in its investment in Ready Credit Corporation and its subsidiary, Reverse ATM, LLC, a payment solutions platform that enables cashless operations for consumer-facing businesses. Ready Credit provides kiosks that convert consumers' cash instantly into a general-use prepaid card, which enables businesses to go cashless while still accepting consumers' cash.

The new partnership will help Ready Credit accelerate growth, as more merchants transition to cashless operations, and will drive further investment in Ready Credit's solutions, employees, and internal infrastructure. Ready Credit plans to enhance its payment solution capabilities, penetrate new customer end markets, and expand geographies as part of its long-term strategy to be a best-in-class payment solutions provider for its customers.

The Venable team advising Clarion Capital Partners in consumer financial services regulatory due diligence included Jonathan Pompan, Chris Boone, Andrew Bigart, and Michael Aphibal.