What’s Inside?

In this report, we look at the emerging trends and notable M&A transactions in Financial Technology during the first quarter of 2024.

• Payments experienced a high level of M&A in Q1 2024, with 37 companies in this sector acquired, representing 28% of total deals reported.  Blockchain and Banking Software tied for the second place at 18 transactions, representing 13.5%.

• Overall, deal volumes decreased significantly in Q1 2024 vs Q4 2023, with 130 in the current quarter versus 118 in the prior period.

• Average deal values, where reported, also saw a marked increase, with two transactions valued at more than $1 billion.

• Public company valuations, on average, stayed flat during the quarter.

• Overall, the M&A market for Financial Technology saw an increase in activity in most sectors compared to the previous quarter.

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