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  1. Deals Analysis
July 19, 2019

Payments industry venture financing deals in Q2 2019 total $1.33bn globally

By Carmen

Total payments industry venture financing deals in Q2 2019 worth $1.33bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 12.1% over the previous quarter and a drop of 69.5% when compared with the last four-quarter average, which stood at $4.37bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $604.31m. At the country level, the UK topped the list in terms of deal value at $452.85m.

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

The top country in terms of venture financing deals activity in Q2 2019 was the US with 17 deals, followed by India with nine and the UK with eight.

In 2019, as of the end of Q2 2019, payments venture financing deals worth $2.85bn were announced globally, marking a decrease of 81.2% year on year.

Payments industry venture financing deals in Q2 2019: Top deals

The top five payments industry venture financing deals accounted for 50.1% of the overall value during Q2 2019.

The combined value of the top five payments industry venture financing deals stood at $668m, against the overall value of $1.33bn recorded for the quarter. The top announced payments industry venture financing deal tracked by GlobalData in Q2 2019 was Blossom Capital, DST Global, Endeavor Catalyst, GIC and Insight Venture Management’s $230m venture financing of Checkout.

In second place was the $175m venture financing of WorldRemit by Accel, LeapFrog Investments and Technology Crossover Management VII and in third place was DST Global, Greenoaks Capital Management, Institutional Venture Partners, KPCB Digital Growth Fund, Ribbit Capital and Y Combinator Management’s $100m venture financing of Brex.

The $88m venture financing of Bill.com by CROSS CREEK – CHATTANOOGA, Fidelity Investments Canada, FleetCor, Franklin Templeton – Wealth Management, Kayne Anderson Rudnick Investment Management, MasterCard and Temasek Holdings and Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator Management’s venture financing of Razorpay Software for $75m held fourth and fifth positions, respectively.

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.

 

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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