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  1. Deals Analysis
October 25, 2021

Payments industry cross border venture financing deals total $2.1bn globally in September 2021

By Carmen

The $288.33m venture financing of Bolt Financial was the payments industry’s top cross border venture financing deal as total deals worth $2.1bn were announced globally in September 2021, according to GlobalData’s deals database.

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The value marked a decrease of 37% over the previous month of $3.3bn and a rise of 56.4% when compared with the last 12-month average, which stood at $1.33bn.

Comparing cross border venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $826.87m. At the country level, the US topped the list in terms of deal value at $359.83m.

In terms of volumes, Asia-Pacific emerged as the top region for payments industry cross border venture financing deals globally, followed by Europe and then North America.

The top country in terms of cross border venture financing deals activity in September 2021 was the US with five deals, followed by the Singapore with four and the UK with two.

In 2021, as of September, payments cross border venture financing deals worth $16.24bn were announced globally, marking a decrease of 582.3% year on year.

payments industry cross border venture financing deals in September 2021: Top deals

The top five payments industry cross border venture financing deals accounted for 52.7% of the overall value during September 2021.

The combined value of the top five payments cross border venture financing deals stood at $1.09bn, against the overall value of $2.1bn recorded for the month.

The top five payments industry cross border venture financing deals of September 2021 tracked by GlobalData were:

1) Hedosophia $288.33m venture financing deal with Bolt Financial

2) The $250m venture financing of Melio Payments by Accel,Bessemer Venture Partners,Coatue Management,Corner Ventures,General Catalyst Partners,Latitude (UK),Thrive Capital and Tiger Global Management

3) Founders Fund,Partech Africa SLP,Ribbit Capital,Sam Altman,Sequoia Heritage and Stripe $200m venture financing deal with Wave Mobile Money

4) The $200m venture financing of Airwallex by 1835i Ventures,DST Global,G Squared,Lone Pine Capital,Salesforce Ventures,Sequoia Capital China and Vetamer Capital Management

5) Baleen Capital,Fasanara Capital,Ithaca Investments,Tiger Global Management and Woodson Capital Management $155m venture financing deal with Scalapay

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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