North America’s payments industry saw a rise of 11.4% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 39 deals worth $2.55bn were announced for the region during Q3 2020, against the last four-quarter average of 35 deals.

Of all the deal types, venture financing saw most activity in Q3 2020 with 23, representing a 59% share for the region.

In second place was M&A with 12 deals, followed by private equity deals with four transactions, respectively capturing a 30.8% and 10.3% share of the overall deal activity for the quarter.

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In terms of value of deals, M&A was the leading category in North America’s payments industry with $1.4bn, while venture financing and private equity deals totalled $767.67m and $385.26m, respectively.

North America payments industry deals in Q3 2020: Top deals

The top five payments deals accounted for 80.9% of the overall value during Q3 2020.

The combined value of the top five payments deals stood at $2.07bn, against the overall value of $2.55bn recorded for the quarter.

The top five payments industry deals of Q3 2020 tracked by GlobalData were:

1) The $1.3bn merger of FinTech AcquisitionIII and Paya

2) The $350m private equity deal with Multi Service Technology Solutions by Corsair Capital

3) Bond Gifting, Canapi, DST Global, Fin Venture Capital, Goodwater Capital, Relay Ventures and TTV Capital’s $215m venture financing of Greenlight Financial Technology

4) The $100m acquisition of Mobeewave by Apple

5) Eldridge Industries, Generation Partners, Ziegler LinkAge Fund II and L.P’s venture financing of PayActiv 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.