Total payments industry venture financing deals in Q3 2019 worth $1.92bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 42.2% over the previous quarter and a rise of 76.1% when compared with the last four-quarter average, which stood at $1.09bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $578.64m. At the country level, the US topped the list in terms of deal value at $578.64m.
In terms of volumes, Asia-Pacific emerged as the top region for payments industry venture financing deals globally, followed by Europe and then North America.
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By GlobalDataThe top country in terms of venture financing deals activity in Q3 2019 was the US with 20 deals, followed by India with 14 and the UK with nine.
In 2019, as of the end of Q3 2019, payments venture financing deals worth $4.8bn were announced globally, marking a decrease of 69.7% year on year.
Payments industry venture financing deals in Q3 2019: Top deals
The top five payments industry venture financing deals accounted for 53.3% of the overall value during Q3 2019.
The combined value of the top five payments venture financing deals stood at $1.03bn, against the overall value of $1.92bn recorded for the month.
The top five payments industry deals of Q3 2019 tracked by GlobalData were:
1) Dragoneer Investment Group, DST Global, Ribbit Capital, Sequoia Capital Operations, TCMI, Tencent Holdings and Thrive Capital’s $400m venture financing of NU Pagamentos
2) The $200m venture financing of Mission Lane by Invus Opportunities, LL Funds, Oaktree Capital Management and QED Investors
3) Allianz X, Earlybird Venture Capital GmbH & Co, GIC, Greyhound Capital Europe, Insight Venture Partners, Tencent Holdings and Valar Ventures Management’s $170m venture financing of N26 Bank
4) The $135m venture financing of Remitly by PayU Argentina, DN Capital (UK), Generation Investment Management, Owl Rock Capital Partners, Princeville Global, Prudential Financial, Schroder & Co Bank, Stripes Group and Top Tier Capital Partners
5) Ajit Mittal, Akshay Kothari, Alan Mamedi, Amrish Rau, Anxa Holding, DF International Partners, Dragoneer Investment Group, Gemini Investments (Holdings), General Catalyst Partners, Greenoaks Capital Management, Haresh Chawla, Hillhouse Capital Group, Jitendra Gupta, Mukesh Bansal, Ribbit Capital, RTP Global, Sequoia Capital India, Sriram Krishnan. and Tiger Global Management’s venture financing of Dreamplug Technologies Pvt for $120m.
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.
