Total financial services industry cross border venture financing deals worth $970.7m were announced in Asia-Pacific in September 2021, led by $200m venture financing of Airwallex, according to GlobalData’s deals database.
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The value marked a decrease of 2.9% over the previous month of $1bn and a rise of 92.1% when compared with the last 12-month average of $505.42m.
Asia-Pacific held a 32.46% share of the global financial services industry cross border venture financing deal value that totalled $2.99bn in September 2021. With an 11.77% share and deals worth $351.83m, Australia was the top country in Asia-Pacific’s cross border venture financing deal value across financial services industry.
In terms of cross border venture financing deal activity, Asia-Pacific recorded 22 deals during September 2021, marking an increase of 10.00% over the previous month and a rise of 46.67% over the 12-month average. Singapore recorded six deals during the month.
Asia-Pacific financial services industry cross border venture financing deals in September 2021: Top deals
The top five financial services industry cross border venture financing deals accounted for 73.9% of the overall value during September 2021.
The combined value of the top five financial services cross border venture financing deals stood at $717.37m, against the overall value of $970.7m recorded for the month.
The top five financial services industry cross border venture financing deals of September 2021 tracked by GlobalData were:
1) 1835i Ventures,DST Global,G Squared,Lone Pine Capital,Salesforce Ventures,Sequoia Capital China and Vetamer Capital Management $200m venture financing deal with Airwallex
2) The $150m venture financing of Xendit by Accel,Amasia Ventures,Goat Capital and Tiger Global Management
3) ANT Group,Bow Wave Capital Management and Charoen Pokphand Group $150m venture financing deal with Ascend Money
4) The $138m venture financing of Xtransfer by D1 Capital Partners and Lavender Hill Capital Partners
5) Akuna Capital,Avenir Growth Capital,Regal Funds Management and Woodson Capital Management $79.37m venture financing deal with Till Payments
