Swift Prepaid Solutions acquired by Bain Capital Ventures and Silversmith Capital Partners

Silversmith Capital Partners and Bain Capital Ventures have partnered to acquire Swift Prepaid Solutions, a leading provider of prepaid solutions for global incentive and reward programs.

Initially founded as a non-bank issuer of Visa and Mastercard prepaid cards, today Swift distributes millions of payments annually on behalf of the world's largest corporations to participants around the globe.

The deal marked the sixth transaction for Silversmith Capital Partners on which Choate has advised in 2017.