Fintech Q1 2024-1

M&A Review

Financial Technology Sector

Q1 2024

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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