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  1. Deals Analysis
April 27, 2021

Payments industry venture financing deals total $1.78bn globally in March 2021

By Carmen

The $597.41m venture financing of Stripe was the payments industry’s top venture financing deal as total deals worth $1.78bn were announced globally in March 2021, according to GlobalData’s deals database.

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The value marked an increase of 305.1% over the previous month of $439.35m and a rise of 181.3% when compared with the last 12-month average, which stood at $632.88m.

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 $993.54m. At the country level, the US topped the list in terms of deal value at $896.71m.

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

The top country in terms of venture financing deals activity in March 2021 was the US with 14 deals, followed by the UK with eight and Canada with three.

In 2021, as of March, payments venture financing deals worth $4.56bn were announced globally, marking an increase of 330.3% year on year.

payments industry venture financing deals in March 2021: Top deals

The top five payments industry venture financing deals accounted for 64.3% of the overall value during March 2021.

The combined value of the top five payments venture financing deals stood at $1.14bn, against the overall value of $1.78bn recorded for the month.

The top five payments industry venture financing deals of March 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) Ant Group, Fang Boyuan, Huaxing New Economy Fund, Innovation Works Development Fund, Northern Light Venture Capital, SAIF Investment Fund and Yuanyi Capital’ $154.51m venture financing of Shanghai Meixin Health Technology

4) The $120m venture financing of Paidy by JS Capital Management, Soros Capital Management, Tybourne Capital Management (HK) and Wellington ManagementLLP

5) ANZi Ventures, Greenoaks Capital Management, Grok Ventures and Skip Capital’s venture financing of Airwallex for $100m.

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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