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  1. Deals Analysis
June 22, 2022

Payments industry cross border deals total $1.1bn globally in May 2022

By KANNAN GANESAN and Carmen

Total Payments industry cross border deals worth $1.1bn were announced globally for May 2022, with the $300m venture financing of Xendit being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 40.9% over the previous month of $1.86bn and a drop of 78.3% when compared with the last 12-month average of $5.07bn.

In terms of number of cross border deals, the sector saw a drop of 21.62% with 29 deals in May 2022 when compared to the last 12-month average of 37 deals.

In value terms, Asia-Pacific led the activity with cross border deals worth $477.88m in May 2022.

Payments industry cross border deals in May 2022: Top deals

The top five cross border deals accounted for 70.9% of the overall value during May 2022.

The combined value of the top five cross border deals stood at $780.2m, against the overall value of $1.1bn recorded for the month.

The top five Payments industry cross border deals of May 2022 tracked by GlobalData were:

1) Accel,Amasia,Coatue,EV Growth ,Goat Capital,Insight Partners,Intudo Ventures,Kleiner Perkins and Tiger Global Management $300m venture financing deal with Xendit

2) The $145.2m venture financing of Neo Financial Technologies by Altos Ventures,Blank Slate Ventures,Gaingels,Knollwood Investment Advisory,Maple VC Partners,Tribe Capital and Valar Ventures

3) DST Global and World Innovation Lab (WiL fund) $115m venture financing deal with Upsider

4) The $110m private equity of InterSwitch by LeapFrog Investments and Tana Africa Capital

5) Lightrock,Riverwood Capital,Silver Lake Waterman,Sunley House Capital Management and Viking Global Investors $110m private equity deal with Conductor Tecnologia

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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