Total payments industry venture financing deals in Q3 2020 worth $1.42bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 17.2% over the previous quarter and a drop of 22.9% when compared with the last four-quarter average, which stood at $1.85bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $767.67m. At the country level, the US topped the list in terms of deal value at $767.67m.
In terms of volumes, Asia-Pacific emerged as the top region for payments industry venture financing deals globally, followed by North America and then Europe.
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By GlobalDataThe top country in terms of venture financing deals activity in Q3 2020 was the US with 23 deals, followed by the UK with ten and Singapore with six.
In 2020, as of the end of Q3 2020, payments venture financing deals worth $4.16bn were announced globally, marking a decrease of 13% year on year.
Payments industry venture financing deals in Q3 2020: Top deals
The top five payments industry venture financing deals accounted for 39.8% of the overall value during Q3 2020.
The combined value of the top five payments venture financing deals stood at $566m, against the overall value of $1.42bn recorded for the month.
The top five payments industry deals of Q3 2020 tracked by GlobalData were:
1) Bond Gifting, Canapi, DST Global, Fin Venture Capital, Goodwater Capital, Relay Ventures and TTV Capital’s $215m venture financing of Greenlight Financial Technology
2) The $106m venture financing of Mollie by TCMI
3) Eldridge Industries, Generation Partners, Ziegler LinkAge Fund II and L.P’s $100m venture financing of PayActiv
4) The $85m venture financing of Remitly by DN Capital, Threshold Ventures, Generation Investment Management, Owl Rock Capital, PayU, Princeville Global, Stripes and Top Tier Capital Partners
5) Checkout, Future Shape, GGV Capital IV and Helios Investment Partners’ venture financing of TTMFS Singapore for $60m.
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.
