The $425m venture financing of Brex was the financial services industry’s top cross border venture financing deal as total deals worth $1.7bn were announced globally in April 2021, according to GlobalData’s deals database.

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The value marked an increase of 32.03% over the previous month of $1.28bn and a rise of 78.3% when compared with the last 12-month average, which stood at $948.02m.

Comparing cross border venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $896.58m. At the country level, the US topped the list in terms of deal value at $887.5m.

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

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The top country in terms of cross border venture financing deals activity in April 2021 was the US with eight deals, followed by the UK with four and Brazil with three.

In 2021, as of April, financial services cross border venture financing deals worth $8.12bn were announced globally, marking an increase of 626.8% year on year.

financial services industry cross border venture financing deals in April 2021: Top deals

The top five financial services industry cross border venture financing deals accounted for 67.03% of the overall value during April 2021.

The combined value of the top five financial services cross border venture financing deals stood at $1.14bn, against the overall value of $1.7bn recorded for the month.

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

1) Baillie Gifford, Base10 Partners, Durable Capital Partners, GIC, Greenoaks Capital Management, IVP LuxCo, Lone Pine Capital, Madrone Capital Partners, Ribbit Capital, TCV, Tiger Global Management, Valiant Capital Management and Y Combinator Continuity Fund I’s $425m venture financing of Brex

2) The $300m venture financing of Paxos Trust Co by Declaration Partners, Liberty City Ventures, Mithril Capital Management, Oak HC/FT Partners, PayPal Ventures, Senator Investment Group and WestCap Partners

3) Alkeon Capital, Bond Capital Management, D1 Capital Partners and Tiger Global Management’ $150m venture financing of dLocal Group

4) The $150m venture financing of Insurance Zebra by Accel, Ballast Point Ventures, Daher Capital, Floodgate Fund, KdT Ventures, Keith Melnick, Silverton Partners and Weatherford Capital

5) Checkout. com’s venture financing of Tamara for $110m.