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  1. Deals Analysis
April 22, 2022

Asia-Pacific’s payments industry saw a rise of 22.73% in deal activity during March 2022

By Verdict Staff

Asia-Pacific’s payments industry saw a rise of 22.73% in deal activity during March 2022, when compared with the last 12-month average, led by Asia Pacific Strategic Investments’ $161.7m acquisition of Catapult Ventures, according to GlobalData’s deals database.

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A total of 27 payments industry deals worth $1.9bn were announced for the region in March 2022, against the 12-month average of 22 deals.

Of all the deal types, venture financing saw most activity in March 2022 with 18 transactions, representing a 66.7% share for the region.

In second place was M&A with nine deals capturing a 33.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s payments industry with $1.49bn, followed by venture financing deals totalled $393.01m.

Asia-Pacific payments industry deals in March 2022: Top deals

The top five payments deals accounted for 24.6% of the overall value during March 2022.

The combined value of the top five payments deals stood at $461.7m, against the overall value of $1.9bn recorded for the month.

The top five payments industry deals of March 2022 tracked by GlobalData were:

1) Asia Pacific Strategic Investments $161.7m acquisition deal with Catapult Ventures

2) The $137m venture financing deal with Credavenue by B Capital Group,Dragoneer Investment Group and Insight Partners

3) Addition,Headline Group,HostPlus,Spark Capital and Square Peg Capital $73m venture financing deal with Zeller Australia

4) The $50m venture financing of Blofin by KuCoin Eco Fund,Matrix Partners and SIG

5) Sequoia Capital Operations $40m venture financing deal with GoKwik

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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