The $900m venture financing of Trade Republic Bank was the financial services industry’s top venture financing deal as total deals worth $6.9bn were announced globally in May 2021, according to GlobalData’s deals database.

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The value marked an increase of 84.7% over the previous month of $3.73bn and a rise of 203.5% when compared with the last 12-month average, which stood at $2.27bn.

Comparing venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.78bn. At the country level, the US topped the list in terms of deal value at $2.88bn.

In terms of volumes, North America emerged as the top region for financial services industry venture financing deals globally, followed by Europe and then Asia-Pacific.

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The top country in terms of venture financing deals activity in May 2021 was the US with 39 deals, followed by the UK with 12 and India with seven.

In 2021, as of May, financial services venture financing deals worth $22.58bn were announced globally, marking a decrease of 205.01% year on year.

financial services industry venture financing deals in May 2021: Top deals

The top five financial services industry venture financing deals accounted for 35.6% of the overall value during May 2021.

The combined value of the top five financial services venture financing deals stood at $2.45bn, against the overall value of $6.9bn recorded for the month.

The top five financial services industry venture financing deals of May 2021 tracked by GlobalData were:

1) Accel, Creandum Advisor, Founders Fund, Project A Services GmbHKG, Sequoia Capital Operations, TCMI and Thrive Capital Partners’ $900m venture financing of Trade Republic Bank

2) The $610m venture financing of Wealthsimple by Aubrey Drake Graham, Greylock Partners, iNovia Capital, Meritech Capital Partners, Michael J. Fox, Redpoint Ventures, Ryan Reynolds , Sagard, TCV and Two Sigma Ventures

3) Atlas Merchant Capital, Breyer Capital, Digital Currency Group, Fidelity Management & ResearchLLC, Fintech Ventures Fund, FTX.US, Intersection Fintech Ventures, Marshall Wace, Michael Price, Pillar Ventures, Valor Capital Group and Willett Advisors’ $440m venture financing of Circle Internet Financial

4) The $250m venture financing of Better World Technology Pvt. by Sodexo and SoftBank Vision Fund II

5) Bond Capital Management, Coatue Management, Kaszek Ventures, Pantera Capital Management, Paradigm (US), QED Investors, Tiger Global Management and Valor Capital Group’s venture financing of The Badger TechnologyS.A.S. for $250m.