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  1. Deals Analysis
February 18, 2022

North America’s payments industry saw a drop of 19.23% in deal activity during January 2022

By Carmen

North America’s payments industry saw a drop of 19.23% in deal activity during January 2022, when compared with the last 12-month average, led by Activant Capital Group, BlackRock, CE Innovation Capital, H.I.G. Growth Partners, Invus Opportunities, Moore Strategic Ventures and Schonfeld Strategic Advisors’ $355m venture financing deal with Bolt Financial, according to GlobalData’s deals database.

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A total of 21 payments industry deals worth $2.2bn were announced for the region in January 2022, against the 12-month average of 26 deals.

Of all the deal types, M&A saw most activity in January 2022 with ten transactions, representing a 47.6% share for the region.

In second place was venture financing with nine deals, followed by private equity deals with two transactions, respectively capturing a 42.9% and 9.5% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in North America’s payments industry with $1.71bn, while M&A and private equity deals totalled $408.18m and $70m, respectively.

North America payments industry deals in January 2022: Top deals

The top five payments deals accounted for 47.2% of the overall value during January 2022.

The combined value of the top five payments deals stood at $1.03bn, against the overall value of $2.2bn recorded for the month.

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

1) Activant Capital Group,BlackRock,CE Innovation Capital,H.I.G. Growth Partners,Invus Opportunities,Moore Strategic Ventures and Schonfeld Strategic Advisors $355m venture financing deal with Bolt Financial

2) The $303.18m acquisition of Sezzle by Zip

3) Afore Capital,CUNA Mutual Group,Encore Bank NA,Gaingels,Gopher Asset Management,RiverPark Ventures,Tarsadia Investments,Valar Ventures and Volery Capital Partners $140m venture financing deal with Petal Card

4) The $125m venture financing of iTrustCapital by Left Lane Capital

5) Andreessen Horowitz,DeFi Alliance,Jump Capital,Paradigm (US),Solana Ventures and Variant Fund $109m venture financing deal with Phantom Technologies

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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