Led by $300m venture financing of Grab Financial Group, total payments industry venture financing deals worth $1.26bn were announced in Asia-Pacific in Q1 2021, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 294.5% over the previous quarter and a rise of 297% when compared with the last four-quarter average of $317.42m.

Asia-Pacific held a 27.63% share of the global payments industry venture financing deal value that totalled $4.56bn in Q1 2021. With a 7.83% share and deals worth $357.1m, Singapore was the top country in Asia-Pacific’s venture financing deal value across payments industry.

In terms of deal activity, Asia-Pacific recorded 27 deals during Q1 2021, marking an increase of 8.00% over the previous quarter and a rise of 9.09% over the last four-quarter average. India recorded six deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Asia-Pacific payments industry venture financing deals in Q1 2021: Top deals

The top five venture financing deals accounted for 62% of the overall value during Q1 2021.

The combined value of the top five payments venture financing deals stood at $782.51m, against the overall value of $1.26bn recorded for the quarter.

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

1) Hanwha Asset Management’s $300m venture financing of Grab Financial Group

2) The $154.51m venture financing of Shanghai Meixin Health Technology by Ant Group, Fang Boyuan, Huaxing New Economy Fund, Innovation Works Development Fund, Northern Light Venture Capital, SAIF Investment Fund and Yuanyi Capital

3) JS Capital Management, Soros Capital Management, Tybourne Capital Management (HK) and Wellington ManagementLLP’s $120m venture financing of Paidy

4) The $108m venture financing of BharatPe by Amplo, Beenext, Coatue Management, Insight Partners, Ribbit Capital, Sequoia Capital and Steadview Capital

5) Affirma Capital, Goodwater Capital, Kora Management, Macquarie Capital (USA), Tybourne Capital Management (HK) and Warburg Pincus’ venture financing of M_Service for $100m.