The $250m venture financing of Better World Technology Pvt. was the payments industry’s top venture financing deal as total deals worth $1.5bn were announced globally in May 2021, according to GlobalData’s deals database.
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The value marked a decrease of 36.5% over the previous month of $2.3bn and a rise of 59.3% when compared with the last 12-month average, which stood at $916.74m.
Comparing venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $561.24m. At the country level, the Mexico topped the list in terms of deal value at $280m.
In terms of volumes, North America emerged as the top region for payments industry venture financing deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of venture financing deals activity in May 2021 was the US with 11 deals, followed by the UK with six and the United Arab Emirates with three.
In 2021, as of May, payments venture financing deals worth $8.93bn were announced globally, marking an increase of 258.6% year on year.
payments industry venture financing deals in May 2021: Top deals
The top five payments industry venture financing deals accounted for 59.9% of the overall value during May 2021.
The combined value of the top five payments venture financing deals stood at $875m, against the overall value of $1.5bn recorded for the month.
The top five payments industry venture financing deals of May 2021 tracked by GlobalData were:
1) Sodexo and SoftBank Vision Fund II’s $250m venture financing of Better World Technology Pvt.
2) The $250m venture financing of The Badger TechnologyS.A.S. by Bond Capital Management, Coatue Management, Kaszek Ventures, Pantera Capital Management, Paradigm (US), QED Investors, Tiger Global Management and Valor Capital Group
3) Altair Capital, Group 11, Harel Insurance Investments and Financial Services, Migdal Insurance and Financial Holdings, MORE Investment House and Zeev Ventures’ $130m venture financing of Sunbit
4) The $125m venture financing of PaySend Group by Hermes GPE Innovation Fund, Infravia Growth Capital, One Peak Partners and Plug and Play
5) Glory Ventures’ venture financing of Yaotu Capital for $120m.