Led by $610m venture financing of Wealthsimple, total financial services industry cross border venture financing deals worth $2.8bn were announced in North America in Q2 2021, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 9.8% over the previous quarter and a rise of 111.9% when compared with the last four-quarter average of $1.34bn.

North America held a 32.64% share of the global financial services industry cross border venture financing deal value that totalled $8.7bn in Q2 2021. With an 18.05% share and deals worth $1.57bn, the US was the top country in North America’s cross border venture financing deal value across financial services industry.

In terms of deal activity, North America recorded 36 cross border deals during Q2 2021, marking an increase of 9.09% over the previous quarter and a rise of 100.00% over the last four-quarter average. The US recorded 26 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

North America financial services industry cross border venture financing deals in Q2 2021: Top deals

The top five cross border venture financing deals accounted for 64.6% of the overall value during Q2 2021.

The combined value of the top five financial services cross border venture financing deals stood at $1.84bn, against the overall value of $2.8bn recorded for the quarter.

The top five financial services cross border deals of Q2 2021 tracked by GlobalData were:

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

2) The $425m venture financing of Brex by 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

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

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

5) SoftBank Latin America Fund and Viking Global Investors’ venture financing of PayClip for $250m.