What’s Inside?

In this report, we look at the emerging trends and notable M&A transactions in Financial Technology during the third quarter of 2023.

• Payments experienced an unusually high level of M&A in the quarter, with 45 companies in this sector acquired, representing 24% of total deals reported.
• Overall, deal volumes increased in Q3 vs Q2 2023, with 190 in the current quarter versus 123 in the prior period.
• Average deal values, where reported, also saw a significant increase, with six transactions valued in excess of $1 billion.
• Public company valuations, on average, stayed flat during the quarter.

Overall, the M&A market for Financial Technology saw a marked increase in activity in most sectors, despite a challenging macroeconomic environment.