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  1. Deals Analysis
March 17, 2021

Payments industry deals total $639.35m globally in February 2021

By Carmen

Total payments industry deals worth $639.35m were announced globally for February 2021, with the $121m acquisition of Flexiti Financial being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 87.6% over the previous month of $5.14bn and a drop of 84.2% when compared with the last 12-month average of $4.04bn.

In terms of number of deals, the sector saw a drop of 24.44% with 34 deals in February 2021 when compared to the last 12-month average of 45 deals.

In value terms, North America led the activity with deals worth $376.22m in February 2021.

payments industry deals in February 2021: Top deals

The top five deals accounted for 73.4% of the overall value during February 2021.

The combined value of the top five deals stood at $469m, against the overall value of $639.35m recorded for the month.

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

1) CURO Group’s $121m acquisition of Flexiti Financial

2) The $120m venture financing of Blockchain Luxembourg by Access Industries, Eldridge Industries, GV Management Co, Kyle Bass, Lakestar Capital, Lightspeed Management Company, Moore Strategic Ventures and Rovida Advisors

3) Amplo, Beenext, Coatue Management, Insight Partners, Ribbit Capital, Sequoia Capital and Steadview Capital’s $108m venture financing of BharatPe

4) The $100m acquisition deal of Vendorin by Corcentric

5) Bronze Investments, First Round Capital, Kapor Capital, XYZ Venture Capital and Y Combinator Management’s venture financing deal with Promise Networks for $20m.

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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