Total payments industry cross border venture financing deals worth $541.36m were announced globally in Q4 2020, led by GIC, Matrix Partners, Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator Management’s $100m venture financing of Razorpay Software, according to GlobalData’s deals database.
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The value marked a decrease of 37.3% over the previous quarter and a drop of 23.7% when compared with the last four-quarter average, which stood at $709.4m.
Comparing cross border deals value in different regions of the globe, Europea held the top position, with total announced deals in the period worth $295.51m. At the country level, the UK topped the list in terms of deal value at $180.63m.
In terms of volumes, Europe emerged as the top region for payments industry cross border venture financing deals globally, followed by Asia-Pacific and then Middle East and Africa.
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By GlobalDataThe top country in terms of cross border venture financing deals activity in Q4 2020 was the UK with five deals, followed by the India with three and Singapore with two.
In 2020, at the end of Q4 2020, cross border venture financing deals worth $541.36m were announced globally in payments industry, marking a decrease of 58.9% year on year.
Cross Border venture financing deals in payments industry in Q4 2020: Top deals
The top five cross border venture financing deals in payments industry accounted for 70.8% of the overall value during Q4 2020.
The combined value of the top five cross border venture financing deals stood at $383m, against the overall value of $541.36m recorded for the quarter.
The top five payments industry cross border venture financing deals of Q4 2020 tracked by GlobalData were:
1) GIC, Matrix Partners, Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator Management’s $100m venture financing of Razorpay Software
2) The $95m venture financing of GoCardless by Bain Capital Ventures
3) Accel’s $86m venture financing of Lydia Solutions
4) The $62m venture financing of The Badger TechnologyS.A.S. by Coinbase Ventures, Kaszek Ventures, Pantera Capital Management and QED Investors
5) Citi Ventures, Edison Partners, Gaia Capital Partners and Muse Capital’ venture financing of goHenry for $40m.