Led by $1bn private equity deal with NetSpend, the US payments industry saw a drop of 19.76% in overall deal activity during Q3 2022, when compared with the last four-quarter average, 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 66 deals worth $1.5bn were announced in Q3 2022, compared with the last four-quarter average of 82.25 deals.

venture financing was the leading category in the quarter with 44 deals which accounted for 66.7% of all deals.

In second place was M&A with 20 deals, followed by private equity with two transactions, respectively accounting for 30.3% and 3.03% of overall deal activity in the US payments industry during the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of value of deals, private equity was the leading deal category in the US payments industry with total deals worth $1000m, while venture financing and M&A deals totalled $412.42m and $66.2m respectively.

US payments industry deals in Q3 2022: Top deals

The top five payments industry deals accounted for 77.8% of the overall value during Q3 2022.

The combined value of the top five payments deals stood at $1.15bn, against the overall value of $1.5bn recorded for the quarter.

The top five payments industry deals of Q3 2022 tracked by GlobalData were:

1) Rev Worldwide and Searchlight Capital Partners’s $1bn private equity deal with NetSpend

2) The $60m venture financing of Mesh Payments by AlphaWave, Entree Capital, Meron Capital, Tiger Global and TLV Partners

3) Alumni Ventures Group, Companion Fund, Norwest Venture Partners, Struck Capital, SWS Venture Capital and TTV Capital’s $35m venture financing deal with Scratch Financial

4) The $30m venture financing of Central Payment Co by Castle Creek Capital and Launchpad Capital

5) Fiserv’s $26m acquisition deal with The LR2 Group