North America’s payments industry saw a drop of 7.41% in deal activity during April 2022, when compared with the last 12-month average, led by Bolt Financial’s $1.5bn acquisition of Wyre, according to GlobalData’s deals database.
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A total of 25 payments industry deals worth $2bn were announced for the region in April 2022, against the 12-month average of 27 deals.
Of all the deal types, venture financing saw most activity in April 2022 with 14 transactions, representing a 56% share for the region.
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In second place was M&A with eight deals, followed by private equity deals with three transactions, respectively capturing a 32% and 12% 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 $1.53bn, while private equity and venture financing deals totalled $400m and $87.51m, respectively.
North America payments industry deals in April 2022: Top deals
The top five payments deals accounted for 97.8% of the overall value during April 2022.
The combined value of the top five payments deals stood at $1.97bn, against the overall value of $2bn recorded for the month.
The top five payments industry deals of April 2022 tracked by GlobalData were:
1) Bolt Financial $1.5bn acquisition deal with Wyre
2) The $400m private equity of Circle Internet Financial by BlackRock,Fidelity Investments,Fin Capital and Marshall Wace
3) WonderFi Technologies $29.55m acquisition deal with Coinberry
4) The $24m venture financing of Sunday by Coatue Management and New Wave Capital
5) Endeavor Catalyst,Fuel Venture Capital,IDC Ventures and Visa Ventures $19m venture financing deal with NovoPayment