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  1. Deals Analysis
November 25, 2021updated 08 Jul 2022 12:42pm

Payments industry deals total $2.9bn globally in October 2021

By Carmen

Total payments industry deals worth $2.9bn were announced globally for October 2021, with the $750m acquisition of Fair Square Financial Holdings being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 56.7% over the previous month of $6.69bn and a drop of 54.4% when compared with the last 12-month average of $6.36bn.

In terms of number of deals, the sector saw a drop of 17.81% with 60 deals in October 2021 when compared to the last 12-month average of 73 deals.

In value terms, North America led the activity with deals worth $1.44bn in October 2021.

payments industry deals in October 2021: Top deals

The top five deals accounted for 64.7% of the overall value during October 2021.

The combined value of the top five deals stood at $1.89bn, against the overall value of $2.9bn recorded for the month.

The top five payments industry deals of October 2021 tracked by GlobalData were:

1) Ally Financial $750m acquisition deal with Fair Square Financial Holdings

2) The $333m venture financing of Bolt Financial by Activant Capital Group,General Atlantic,Moore Strategic Ventures,Soma Capital,Tribe Capital,Untitled Investments and Willoughby Capital Holdings

3) Advent International and Viking Global Investors $300m venture financing deal with Global Processing Services(GPS)

4) The $260m venture financing of Bitcipher Labs by Andreessen Horowitz,Coinbase Ventures,Paradigm Ventures,Ribbit Capital,Sequoia Capital India AdvisorsLtd. and Tiger Global Management

5) Coatue Management,Dragoneer Investment Group,DST Global Solutions,Falcon Edge Capital,Insight Partners,Marshall Wace,RTP Global – UK,Sofina,Steadfast Venture Capital and Tiger Global Management $251m venture financing deal with Dreamplug Technologies

Verdict deals analysis methodology

This analysis considers only announced and completed 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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