Payment Market Update launched: 39% of FinTech M&A Activity and Tripling of Deal Values in 2023
We are pleased to publish our Payment Market report which provides an overview of key data and insights for full-year 2023, including stock price performance, key deal activity, soaring deal values, a market map of key players, and Drake Star’s outlook for 2024.
Highlights from the report include:
- Payment accounted for 39% of total FinTech M&A activity in 2023
- Average deal value more than tripled in 2023 vs. 2022, reaching over $700 Million in average deal size
- Strategic buyers accounted for over 70% of total Payment M&A deals in 2023
- The Payment landscape is still highly fragmented (over 1,500 companies) and ripe for further consolidation
- Drake Star’s 2024 Outlook including our expectations for Digital Wallets, Expansion of BNPL, Security and Fraud Prevention, and more
Download the full report here for detailed data, stats, and key sector highlights.
