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  1. Deals Analysis
February 17, 2021

Payments industry cross border deals total $2.04bn globally in January 2021

By Carmen

Total payments industry cross border deals worth $2.04bn were announced globally for January 2021, with the $450m venture financing of Checkout being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 79.6% over the previous month of $9.98bn and a drop of 10.5% when compared with the last 12-month average of $2.28bn.

In terms of number of cross border deals, the sector saw a rise of 27.78% with 23 deals in January 2021 when compared to the last 12-month average of 18 deals.

In value terms, Europe led the activity with cross border deals worth $1bn in January 2021.

payments industry cross border deals in January 2021: Top deals

The top five cross border deals accounted for 79.8% of the overall value during January 2021.

The combined value of the top five cross border deals stood at $1.63bn, against the overall value of $2.04bn recorded for the month.

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

1) Blossom Capital, Coatue Management, DST Global, Endeavor Catalyst, GIC, Greenoaks Capital Management, Insight Partners and Tiger Global Management’s $450m venture financing of Checkout

2) The $400m venture financing of NU Pagamentos by Dragoneer Investment Group, GIC, Invesco, Kaszek Ventures, Ribbit Capital, Sequoia Capital Operations, Tencent Holdings and Whale Rock Capital Management

3) Hanwha Asset Management’s $300m venture financing of Grab Financial Group

4) The $300m venture financing deal of CashDash by Avid Ventures, Coatue Management, Durable Capital Partners, Entree Capital, FJ Labs, General Catalyst Partners, Latitude Partners, Oak HC/FT Partners, Spark Capital, Tal Capital Group, Target Global and Tiger Global Management

5) Eurazeo Growth, Sprints Capital Management and Wellington ManagementLLP’s venture financing deal with PPRO Financial for $180m.

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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