Asia-Pacific’s payments industry saw a rise of 22.73% in deal activity during March 2022, when compared with the last 12-month average, led by Asia Pacific Strategic Investments’ $161.7m acquisition of Catapult Ventures, according to GlobalData’s deals database.
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A total of 27 payments industry deals worth $1.9bn were announced for the region in March 2022, against the 12-month average of 22 deals.
Of all the deal types, venture financing saw most activity in March 2022 with 18 transactions, representing a 66.7% share for the region.
In second place was M&A with nine deals capturing a 33.3% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Asia-Pacific’s payments industry with $1.49bn, followed by venture financing deals totalled $393.01m.
Asia-Pacific payments industry deals in March 2022: Top deals
The top five payments deals accounted for 24.6% of the overall value during March 2022.
The combined value of the top five payments deals stood at $461.7m, against the overall value of $1.9bn recorded for the month.
The top five payments industry deals of March 2022 tracked by GlobalData were:
1) Asia Pacific Strategic Investments $161.7m acquisition deal with Catapult Ventures
2) The $137m venture financing deal with Credavenue by B Capital Group,Dragoneer Investment Group and Insight Partners
3) Addition,Headline Group,HostPlus,Spark Capital and Square Peg Capital $73m venture financing deal with Zeller Australia
4) The $50m venture financing of Blofin by KuCoin Eco Fund,Matrix Partners and SIG
5) Sequoia Capital Operations $40m venture financing deal with GoKwik