FinTech & Payments

Includes: Banking & Core Banking Software, Capital Markets Technology, Commercial Lending Platforms, Credit Risk & Underwriting, Cryptocurrency & Digital Assets, Digital Banking Platforms, FX & Treasury Management, Financial Data & Analytics, Fixed Income Analytics, Insurance Core Systems, Investment Management Software, KYC & AML Compliance, Mortgage Technology, Open Banking, Payment Processing & Gateways, Payments Infrastructure, Personal Finance Management, Point of Sale Systems, Regulatory Technology, Small Business Lending, Student Loan Management, Trade Finance, Wealth Management Platforms

Total Deals
69
Total Deal Value
$53.1B
Research Reports
5
Sector Experts
5

Public Sector Summary

FinTech & Payments M&A Snapshot

FinTech & Payments is one of the technology sectors tracked in ComCap's M&A intelligence database, with 69 tracked transactions representing $53.1B in aggregate reported value where deal terms were disclosed. Relevant subsectors include Banking & Core Banking Software, Capital Markets Technology, Commercial Lending Platforms, Credit Risk & Underwriting, and Cryptocurrency & Digital Assets. ComCap has published 5 research reports on this sector. 5 ComCap bankers cover it directly.

Transaction Activity

Deals by Year

2025
2024
2023
2022

Deal Type Breakdown

Acquisition62%
Growth investment38%

Valuation Multiples

Not enough disclosed multiples in FinTech & Payments to publish a median. We require at least 5 priced deals; most transactions in this sector closed without a disclosed multiple.

Who buys in FinTech & Payments

84%
16%
Strategic (43)Sponsor (8)

43 of 51 classified buyers were strategic, across 69 deals whose buyer type came from a source document rather than a model. 18 could not be classified to either side and are excluded from the split.

How buyers pay

Cash64%
Stock41%
Debt14%
Earnout11%
Equity9%
Mixed consideration5%

Share of 44 deals that disclosed a consideration structure. A deal can use more than one, so these do not sum to 100%.

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