MoFo Advises Visa on its Acquisition of Featurespace

MoFo has advised longstanding client Visa (NYSE:V) in connection with the completion of its acquisition of Featurespace, a developer of real-time artificial intelligence payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Visa will add Featurespace’s capabilities into its range of fraud prevention and risk-scoring offerings.

The acquisition closed on December 19, 2024, following its earlier signing and announcement in September, 2024. Over the coming months, Featurespace’s product portfolio will be incorporated into Visa’s existing offering, expanding the available range of fraud prevention solutions and use cases. The Featurespace and Visa teams will bring together their knowledge, modelling methodologies and tools to further enhance the joint offering.

MoFo’s global and cross-practice deal team was led by London Corporate M&A partner Andrew Boyd, and of counsel Luke Rowland.