Founded in 2013, Banking Circle is a next-generation provider of mission-critical infrastructure for online cross-border payments. Saxo Payments Banking Circle’s unique banking platform enables cross-border payments with reduced complexity, time and cost. Today, Banking Circle is processing around EUR 60 billion run-rate annual payment volumes for several high-profile customers using direct clearing access through partnerships with blue-chip partner banks.

Saxo Payments was initially established as a joint venture between Saxo Bank A/S and a group of founders/investors. Saxo Payments Banking Circle is now being acquired by funds managed by EQT (EQT VIII and EQT Ventures) together with the company's management, founders and other existing investors.

Plesner has acted as lead legal counsel to management, founders and a group of other investors representing more than 50% of the share capital of the company in all legal aspects of the divestment of the company as well as their new investment in the company in partnership with EQT.

Completion of the transaction is subject to approval from financial regulators.