2022 is marking the beginning of an economic downturn. Consumers are feeling the pain associated with high inflation, corporations are seeing decreased stock performance, and startups are experiencing lower funding amounts, lower valuations, and lower M&A numbers.
We recently reviewed FT Partners’ Q3 Quarterly Fintech Insights Report to take a look at how M&A activity in the third quarter of 2022 is tracking when compared to years past.
The volume of fintech merger and acquisition activity in the first three quarters of 2022 has so far totaled $116 billion. This is down significantly when compared to the volume the sector saw last year, which totaled $349 billion. In fact, the 2022 year-to-date amount is the lowest M&A volume since 2017, when M&A volumes totaled $90.5 billion.
When it comes to the number of deals, FT Partners found that there have been 998 fintech M&A deals so far this year. This is down when compared to last year’s total of 1,486. However, the deal number is already higher than those in any of the past 10 years. In fact, 2020’s total deal number is only 969.
Below is a list of Q3’s fintech M&A activity:
July
- Paysely acquired by electronic Merchant Systems for undisclosed amount
- Informa Financial Intelligence acquired by Montagu for $193 million
- Penta acquired by Qonto for undisclosed amount
- UrgentEM acquired by ICE for undisclosed amount
- Growth from Knowledge acquired by Nielsen IQ for undisclosed amount
- Bolero Wisetech Global Group acquired by Wisetech Global for undisclosed amount
- Pixpay acquired by GoHenry for undisclosed amount
- Kontist acquired by Ageras for undisclosed amount
- Nordigen acquired by GoCardless for undisclosed amount
- Sepay acquired by Buckaroo for undisclosed amount
- Moneytech acquired by Monoova for undisclosed amount
- Syntizen acquired by M2P for undisclosed amount
- UAE Xchange acquired by Wizz for undisclosed amount
- Denarii acquired by Careem for undisclosed amount
- KZAS acquired by Creditas for undisclosed amount
- CohortGo acquired by Flywire for undisclosed amount
- Jewel Paymentech acquired by Advance.AI for undisclosed amount
- Solana Floor acquired by Step for undisclosed amount
- Orchestrate acquired by Bloc for undisclosed amount
August
- Avalara acquired by Vista for $8.4 million
- EVO acquired by Global Payments for $4 billion
- Ping Identity acquired by Thoma Bravo for $2.8 billion
- CSI acquired by Centerbridge for $1.6 billion
- Numerix acquired by Genstar for undisclosed amount
- Benefitmall acquired by Truist for undisclosed amount
- Reorg acquired by Permira for undisclosed amount
- Barri Financial Group acquired by DolEx Financial Services for undisclosed amount
- Payrailz acquired by Jack Henry for undisclosed amount
- Symbid acquired by SeedBlink for undisclosed amount
- Menu acquired by PAR for undisclosed amount
- Defero acquired by Axo Finans for undisclosed amount
- ezetap acquired by Razorpay for $157 million
- Invenco acquired by Vontier for $80 million
- Rewire acquired by Remitly for $80 million
- Retail Capital acquired by TymeBank for undisclosed amount
- OK-BIT acquired by Crypto.com for undisclosed amount
- Capdesk acquired by Carta for undisclosed amount
September
- Billtrust acquired by EQT for $1.7 billion
- Namely acquired by Vensure Employer Services and Prism HR for undisclosed amount
- dv01 acquired by Fitch Solutions for undisclosed amount
- Renovite acquired by JP Morgan for undisclosed amount
- Pay360 acquired by Access PaySuite for $173 million
- Diamos acquired by FNZ for undisclosed amount
- Jump Technology acquired by Clearwater Analytics for undisclosed amount
- PayXpert acquired by Societe Generale for undisclosed amount
- RiskMethods acquired by Sphera for undisclosed amount
- Flare acquired by MYOB for undisclosed amount