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  1. Deals Analysis
October 25, 2021

Payments industry venture financing deals total $855.7m in Asia-Pacific in September 2021

By Carmen

Total payments industry venture financing deals worth $855.7m were announced in Asia-Pacific in September 2021, led by $200m venture financing of Airwallex, according to GlobalData’s deals database.

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The value marked an increase of 10.1% over the previous month of $777.5m and a rise of 124% when compared with the last 12-month average of $382.11m.

Asia-Pacific held a 30.45% share of the global payments industry venture financing deal value that totalled $2.81bn in September 2021. With a 9.94% share and deals worth $279.37m, Australia was the top country in Asia-Pacific’s venture financing deal value across payments industry.

In terms of venture financing deal activity, Asia-Pacific recorded 20 deals during September 2021, marking an increase of 122.22% over the previous month and a rise of 81.82% over the 12-month average. Singapore recorded four deals during the month.

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

The top five payments industry venture financing deals accounted for 83.8% of the overall value during September 2021.

The combined value of the top five payments venture financing deals stood at $717.37m, against the overall value of $855.7m recorded for the month.

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

1) 1835i Ventures,DST Global,G Squared,Lone Pine Capital,Salesforce Ventures,Sequoia Capital China and Vetamer Capital Management $200m venture financing deal with Airwallex

2) The $150m venture financing of Xendit by Accel,Amasia Ventures,Goat Capital and Tiger Global Management

3) ANT Group,Bow Wave Capital Management and Charoen Pokphand Group $150m venture financing deal with Ascend Money

4) The $138m venture financing of Xtransfer by D1 Capital Partners and Lavender Hill Capital Partners

5) Akuna Capital,Avenir Growth Capital,Regal Funds Management and Woodson Capital Management $79.37m venture financing deal with Till Payments

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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