The $288.33m venture financing of Bolt Financial was the payments industry’s top cross border venture financing deal as total deals worth $2.1bn were announced globally in September 2021, according to GlobalData’s deals database.
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The value marked a decrease of 37% over the previous month of $3.3bn and a rise of 56.4% when compared with the last 12-month average, which stood at $1.33bn.
Comparing cross border venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $826.87m. At the country level, the US topped the list in terms of deal value at $359.83m.
In terms of volumes, Asia-Pacific emerged as the top region for payments industry cross border venture financing deals globally, followed by Europe and then North America.
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By GlobalDataThe top country in terms of cross border venture financing deals activity in September 2021 was the US with five deals, followed by the Singapore with four and the UK with two.
In 2021, as of September, payments cross border venture financing deals worth $16.24bn were announced globally, marking a decrease of 582.3% year on year.
payments industry cross border venture financing deals in September 2021: Top deals
The top five payments industry cross border venture financing deals accounted for 52.7% of the overall value during September 2021.
The combined value of the top five payments cross border venture financing deals stood at $1.09bn, against the overall value of $2.1bn recorded for the month.
The top five payments industry cross border venture financing deals of September 2021 tracked by GlobalData were:
1) Hedosophia $288.33m venture financing deal with Bolt Financial
2) The $250m venture financing of Melio Payments by Accel,Bessemer Venture Partners,Coatue Management,Corner Ventures,General Catalyst Partners,Latitude (UK),Thrive Capital and Tiger Global Management
3) Founders Fund,Partech Africa SLP,Ribbit Capital,Sam Altman,Sequoia Heritage and Stripe $200m venture financing deal with Wave Mobile Money
4) The $200m venture financing of Airwallex by 1835i Ventures,DST Global,G Squared,Lone Pine Capital,Salesforce Ventures,Sequoia Capital China and Vetamer Capital Management
5) Baleen Capital,Fasanara Capital,Ithaca Investments,Tiger Global Management and Woodson Capital Management $155m venture financing deal with Scalapay