Global fintech M&A deal volume rose by 20% from Q1 2024, growing at 2x compared to last year's 10% increase for the same period. In Q2 2024, the fintech M&A landscape was characterized by strategic consolidations and a strong focus on integrating advanced technologies such as AI. This sector remains dynamic and attractive for strategic buyers and PE investors.

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General Commentary & Highlights

North America Fintech M&A Growing  Coming Out of Q2 2024

• In Q2 2024, North America witnessed a notable increase in fintech M&A, fueled by heightened investment in new domains and PEs targeting public-to-private buyouts.
• This resurgence in deal flow is indicative of the growing confidence in the fintech sector, as well as the strategic importance of technological innovation in financial services

Europe’s Fintech M&A Activity Rebounding in Q2 2024

• European fintech M&A still somewhat subdued in Q2, but momentum appears to be picking up heading into Q3.
• Activity still mostly smaller deals including capability acquisitions and some increased activity in growth equity.

Fintech M&A in APAC Accelerating  Through Q2 2024

• In Q2 2024, fintech M&A deal activity in the Asia-Pacific (APAC) region experienced a notable surge, marking a 6% increase compared to the same period in Q2 2023.
• During Q2 2024, APAC fintechs secured significant funding, raising over $3.3 billion—a 40% increase from the prior quarter—which fueled much of the M&A activity in the region.

Modest Uptick in Fintech M&A Activity in LATAM and MEA Regions in Q2 2024

• In Q2 2024, fintech M&A in both the LATAM and MEA regions saw a modest increase, driven by a rise in foreign investment and continued maturation of the fintech ecosystem.
• This increasing activity reflects the growing interest of venture capitalists and PE funds, who are attracted by these large underserved markets and promising fintech startups.

Fintech M&A Deal of the Quarter:  Advent Acquired Nuvei in a $6.3B Deal

• Advent acquires an asset with strong growth performance at a reasonable valuation.
• Public valuation hindered by 2023 short-seller activity and company’s reputation for serving higher-risk verticals.
• Nuvei’s c.40% YOY growth is impressive given the c.10% growth in the underlying revenue pool, the company is clearly winning share.
• The Advent – Nuvei acquisition is one of few public-to-private transactions in payments in recent years, despite steep declines from valuation peeks in 2022.