The $95m venture financing of GoCardless was the financial services industry’s top cross border venture financing deal as total deals worth $612.13m were announced globally in December 2020, according to GlobalData’s deals database.

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The value marked an increase of 386.2% over the previous month of $125.91m and a rise of 26% when compared with the last 12-month average, which stood at $485.85m.

Comparing cross border venture financing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $346.09m. At the country level, the UK topped the list in terms of deal value at $147m.

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

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The top country in terms of cross border venture financing deals activity in December 2020 was the India with four deals, followed by the US with four and the UK with three.

In 2020, as of December, financial services cross border venture financing deals worth $5.77bn were announced globally, marking a decrease of 32% year on year.

financial services industry cross border venture financing deals in December 2020: Top deals

The top five financial services industry cross border venture financing deals accounted for 56.9% of the overall value during December 2020.

The combined value of the top five financial services cross border venture financing deals stood at $348m, against the overall value of $612.13m recorded for the month.

The top five financial services industry cross border venture financing deals of December 2020 tracked by GlobalData were:

1) Bain Capital Ventures’ $95m venture financing of GoCardless

2) The $86m venture financing of Lydia Solutions by Accel

3) Coinbase Ventures, Kaszek Ventures, Pantera Capital Management and QED Investors’ $62m venture financing of The Badger TechnologyS.A.S.

4) The $60m venture financing of Luko Cover by Accel, Assaf Wand, EQT Ventures, Founders Fund, Orange Ventures and SpeedInvest

5) Flourish Ventures, Greyhound Capital Europe, Mountain Nazca and Valar Ventures’ venture financing of Intelligence in Finance SAPI de CV for $45m.