Total payments industry venture financing deals worth $596.2m were announced in North America in July 2021, led by $75m venture financing of MobileCoin, according to GlobalData’s deals database.

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The value marked an increase of 71.4% over the previous month of $347.8m and a rise of 56.4% when compared with the last 12-month average of $381.17m.

North America held a 34.86% share of the global payments industry venture financing deal value that totalled $1.71bn in July 2021. With a 34.34% share and deals worth $587.18m, the US was the top country in North America’s venture financing deal value across payments industry.

In terms of venture financing deal activity, North America recorded 31 deals during July 2021, marking an increase of 181.82% over the previous month and a rise of 138.46% over the 12-month average. The US recorded 27 deals during the month.

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

The top five payments industry venture financing deals accounted for 47.8% of the overall value during July 2021.

The combined value of the top five payments venture financing deals stood at $285m, against the overall value of $596.2m recorded for the month.

The top five payments industry venture financing deals of July 2021 tracked by GlobalData were:

1) MobileCoin $75m venture financing deal with Future Ventures and General Catalyst Partners

2) The $60m venture financing of Eco by a16zcrypto,Activant Capital Group,L Catterton Management,Lightspeed Management Company,LionTree Partners and Valor Equity Partners

3) Pay with Privacy $60m venture financing deal with Bessemer Venture Partners,Commerce Ventures Management,Exor S.N (USA),Index Ventures (US),Rainfall Ventures,Stripes and Tusk Venture Partners

4) The $40m venture financing of Cardless by Accomplice Ventures,Activant Capital Group,Boston Celtics,Pear VC and Phoenix Suns

5) PayStand $50m venture financing deal with Industrious Ventures,King River Capital,NewView Capital,Opportunity Fund III and Transform Capital