Total payments industry cross border deals worth $1.3bn were announced globally for May 2021, with the $250m venture financing of Better World Technology Pvt. being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 41.7% over the previous month of $2.28bn and a rise of 18.8% when compared with the last 12-month average of $1.12bn.

In terms of number of cross border deals, the sector saw a flat growth with 24 deals in May 2021 when compared to the last 12-month average of 24 deals.

In value terms, North America led the activity with cross border deals worth $423m in May 2021.

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payments industry cross border deals in May 2021: Top deals

The top five cross border deals accounted for 75.5% of the overall value during May 2021.

The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.3bn recorded for the month.

The top five payments industry cross border deals of May 2021 tracked by GlobalData were:

1) Sodexo and SoftBank Vision Fund II’s $250m venture financing of Better World Technology Pvt.

2) The $250m venture financing of The Badger TechnologyS.A.S. by Bond Capital Management, Coatue Management, Kaszek Ventures, Pantera Capital Management, Paradigm (US), QED Investors, Tiger Global Management and Valor Capital Group

3) Nuvei Technologies’ $250m acquisition of SimplexCC

4) The $130m venture financing deal of Sunbit by Altair Capital, Group 11, Harel Insurance Investments and Financial Services, Migdal Insurance and Financial Holdings, MORE Investment House and Zeev Ventures

5) Hermes GPE Innovation Fund, Infravia Growth Capital, One Peak Partners and Plug and Play’s venture financing deal with PaySend Group for $125m.