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  1. Deals Analysis
May 12, 2021

Payments industry venture financing deals total $1.21bn in North America in Q1 2021

By Carmen

Led by $597.41m venture financing of Stripe, total payments industry venture financing deals worth $1.21bn were announced in North America in Q1 2021, according to GlobalData’s deals database.

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The value marked an increase of 241.1% over the previous quarter and a rise of 83.9% when compared with the last four-quarter average of $657.94m.

North America held a 26.54% share of the global payments industry venture financing deal value that totalled $4.56bn in Q1 2021. With a 24.34% share and deals worth $1.11bn, the US was the top country in North America’s venture financing deal value across payments industry.

In terms of deal activity, North America recorded 37 deals during Q1 2021, marking an increase of 85.00% over the previous quarter and a rise of 59.14% over the last four-quarter average. The US recorded 30 deals during the month.

North America payments industry venture financing deals in Q1 2021: Top deals

The top five venture financing deals accounted for 76.3% of the overall value during Q1 2021.

The combined value of the top five payments venture financing deals stood at $922.41m, against the overall value of $1.21bn recorded for the quarter.

The top five payments deals of Q1 2021 tracked by GlobalData were:

1) Allianz X, AXA, Baillie Gifford US Growth Trust, Fidelity Management & ResearchLLC, National Treasury Management Agency and Sequoia Capital’s $597.41m venture financing of Stripe

2) The $170m venture financing of Flutterwave by 9Yards Capital, Avenir Growth Capital, DST Global, Early Capital, Green Visor Capital ManagementLLC, Greycroft Partners, Insight Partners, Salesforce Ventures, Tiger Global Management, Tiger Management and Worldpay

3) Drive Capital, Portag3 Ventures and TTV Capital’s $70m venture financing of Koho Financial

4) The $60m venture financing of Flywire Payments by Adage Capital Management, Advent International, Marshall Wace, Spark Capital, Sunley House Capital Management, Temasek Holdings (Private), The Goldman Sachs Group and Whale Rock Capital Management

5) Bain Capital Ventures, Blumberg Capital, Flourish Ventures and SignalFire Management Services’ venture financing of EarnUp for $25m.

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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