North America’s payments industry saw a rise of 15.79% in deal activity during September 2021, when compared with the last 12-month average, led by Berkshire Partners, BlackRock, Declaration Partners, Eldridge Industries, Gallatin Point Capital, HarbourVest Partners, Lone Pine Capital, Marshall Wace, The Rise Fund and Warburg Pincus’ $510m venture financing of Varo Money, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 22 payments industry deals worth $1.6bn were announced for the region in September 2021, against the 12-month average of 19 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 15 transactions, representing a 68.2% share for the region.

In second place was M&A with seven deals capturing a 31.8% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in North America’s payments industry with $1.04bn, followed by M&A deals totalled $555.04m.

North America payments industry deals in September 2021: Top deals

The top five payments deals accounted for 88.1% of the overall value during September 2021.

The combined value of the top five payments deals stood at $1.41bn, against the overall value of $1.6bn recorded for the month.

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

1) Berkshire Partners,BlackRock,Declaration Partners,Eldridge Industries,Gallatin Point Capital,HarbourVest Partners,Lone Pine Capital,Marshall Wace,The Rise Fund and Warburg Pincus $510m venture financing deal with Varo Money

2) The $500m acquisition of MineralTree by Global Payments

3) Hedosophia $288.33m venture financing deal with Bolt Financial

4) The $55m venture financing of Plutus Financial by American Express Ventures,Amex Ventures,Arbor Ventures,Blockchain Capital,CMT Digital Ventures,IGNIA Partners,Kinetic Advisors,Kingsway Capital,Lerer Hippeau Ventures,RRE Ventures,Stellar Development Foundation and Tiga Investments

5) Persistent Systems $53m venture financing deal with SoftwareInternational