Asia-Pacific’s payments industry saw a rise of 27.78% in deal activity during June 2021, when compared with the last 12-month average, led by Alkeon Capital, Altos Ventures, Greyhound Capital Europe and Korea Development Bank’s $410m private equity deal with Viva Republica, according to GlobalData’s deals database.
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A total of 23 payments industry deals worth $886.8m were announced for the region in June 2021, against the 12-month average of 18 deals.
Of all the deal types, venture financing saw most activity in June 2021 with 17 transactions, representing a 73.9% share for the region.
In second place was M&A with four deals, followed by private equity deals with two transactions, respectively capturing a 17.4% and 8.7% share of the overall deal activity for the month.
In terms of value of deals, venture financing was the leading category in Asia-Pacific’s payments industry with $427.51m, while private equity and M&A deals totalled $410m and $49.25m, respectively.
Asia-Pacific payments industry deals in June 2021: Top deals
The top five payments deals accounted for 84.9% of the overall value during June 2021.
The combined value of the top five payments deals stood at $752.63m, against the overall value of $886.8m recorded for the month.
The top five payments industry deals of June 2021 tracked by GlobalData were:
1) Alkeon Capital, Altos Ventures, Greyhound Capital Europe and Korea Development Bank’s $410m private equity deal with Viva Republica
2) The $167m venture financing deal with Voyager Innovations by IFC Financial Institutions Growth Fund (FIG Fund), Kohlberg Kravis RobertsLP, PLDT and Tencent- Assets
3) Nityo Infotech, NTT Investment Partners Fund and Singapura Finance’s $100m venture financing of MatchMove Pte.
4) The $38m venture financing of Fampay Solutions by Elevation Capital (India), General Catalyst Partners, Global Founders Capital, Greenoaks Capital Management, Rocketship VC, Sequoia Capital India, Venture Highway and Y Combinator Management
5) Addition, Apex Capital Partners, Spark Capital and Square Peg Capital’s venture financing of Zeller Australia for $37.63m.