Total payments industry deals worth $2.33bn were announced globally for January 2021, with the $450m venture financing of Checkout being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 77.3% over the previous month of $10.28bn and a drop of 38.7% when compared with the last 12-month average of $3.8bn.
In terms of number of deals, the sector saw a rise of 2.33% with 44 deals in January 2021 when compared to the last 12-month average of 43 deals.
In value terms, Europe led the activity with deals worth $1.06bn in January 2021.
payments industry deals in January 2021: Top deals
The top five deals accounted for 69.9% of the overall value during January 2021.
The combined value of the top five deals stood at $1.63bn, against the overall value of $2.33bn recorded for the month.
The top five payments industry deals of January 2021 tracked by GlobalData were:
1) Blossom Capital, Coatue Management, DST Global, Endeavor Catalyst, GIC, Greenoaks Capital Management, Insight Partners and Tiger Global Management’s $450m venture financing of Checkout
2) The $400m venture financing of NU Pagamentos by Dragoneer Investment Group, GIC, Invesco, Kaszek Ventures, Ribbit Capital, Sequoia Capital Operations, Tencent Holdings and Whale Rock Capital Management
3) Hanwha Asset Management’s $300m venture financing of Grab Financial Group
4) The $300m venture financing deal of CashDash by Avid Ventures, Coatue Management, Durable Capital Partners, Entree Capital, FJ Labs, General Catalyst Partners, Latitude Partners, Oak HC/FT Partners, Spark Capital, Tal Capital Group, Target Global and Tiger Global Management
5) Eurazeo Growth, Sprints Capital Management and Wellington ManagementLLP’s venture financing deal with PPRO Financial for $180m.
