North America’s payments industry saw a drop of 16.00% in deal activity during October 2021, when compared with the last 12-month average, led by Ally Financial’s $750m acquisition of Fair Square Financial Holdings, according to GlobalData’s deals database.

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A total of 21 payments industry deals worth $1.4bn were announced for the region in October 2021, against the 12-month average of 25 deals.

Of all the deal types, venture financing saw most activity in October 2021 with 14 transactions, representing a 66.7% share for the region.

In second place was M&A with four deals, followed by private equity deals with three transactions, respectively capturing a 19.05% and 14.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s payments industry with $750m, while venture financing and private equity deals totalled $535.15m and $150m, respectively.

North America payments industry deals in October 2021: Top deals

The top five payments deals accounted for 95.7% of the overall value during October 2021.

The combined value of the top five payments deals stood at $1.37bn, against the overall value of $1.4bn recorded for the month.

The top five payments industry deals of October 2021 tracked by GlobalData were:

1) Ally Financial $750m acquisition deal with Fair Square Financial Holdings

2) The $333m venture financing of Bolt Financial by Activant Capital Group,General Atlantic,Moore Strategic Ventures,Soma Capital,Tribe Capital,Untitled Investments and Willoughby Capital Holdings

3) Invus,LL Funds,Oaktree Capital Management and QED Investors $150m private equity deal with Mission Lane

4) The $100m venture financing of CoinList Capital by Access Ventures,Accomplice Ventures,Agman Partners,Alphemy Capital fund,Broadhaven Capital Partners,CMT Digital Ventures,Continue Capital – US,DFG Capital,FBG Capital,Fenbushi Capital,GoldenTree Asset Management,Hack VC,HashKey Capital,LD Capital,Metaplanet Holdings,Perpetual Capital Partners,Rising Tide Fund Managers and Taavet+Sten

5) B Capital Group,FinTech Collective,March Capital Partner,Pacific Western Bank,Point72 Ventures,Reciprocal Ventures and Wells Fargo $40m venture financing deal with Extend Enterprises