Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»Pulse of Fintech H1 2024 -Americas
    Fintech

    Pulse of Fintech H1 2024 -Americas

    August 9, 20242 Mins Read


    US attracts majority of fintech investment in Americas: The US accounted for $27.4 billion of the $36.7 billion in fintech investment seen in the Americas during H1’24, including the $12.5 billion acquisition of Worldpay by GTCR, the $4 billion buyout of B2B customer engagement platform EngageSmart by Vista Equity Partners,1 the $930 million acquisition of financial research firm Tegas by AlphaSense,2 and the $685 million VC raise by capital markets platform company Clear Street.

    Canada sets new record for fintech investment in H1’24 as investment: Outside of the US, fintech investment in Canada was particularly notable in H1’24, reaching a record high of $7.8 billion for a six-month period. Two deals accounted for the bulk of this funding—the $6.3 billion acquisition of payments firm Nuvei by Advent International and the $1 billion buyout of revenue solutions firm Plusgrade by General Atlantic.3 While fintech remains a big ticket for investors in Brazil, investment in H1’24 was quite weak, with just $616 billion in investment compared to $1.8 billion in H2’23.

    Valuations gap persists in VC and PE space: Within the Americas, the high interest rate environment combined with a continued gap in valuations and the search for quality assets kept VC and PE investment in fintech somewhat soft during H1’24. On the M&A front, the focus of deals has shifted somewhat in H1’24; whereas in 2023 a number of larger organizations looked to divest underperforming parts of their business in order to concentrate on their core, the first half of 2024 saw companies looking at opportunities to make smaller acquisitions aimed at enhancing their capabilities in specific areas.

    Growing interest in taking fintechs private: During 2021 and 2022, there was a significant amount of IPO activity in the fintech space, including a number of fintechs going public via SPAC mergers. Since that time, a number of these companies have struggled given the challenging market environment. This has led to growing interest in taking companies that went public early private again. During H1’24, the largest of these take private deals was Nuvei – which was taken private by Advent International for $6.3 billion.

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Ethics in focus as banks confront AI, fintech gap

    Fintech

    Top five fintech deals in Africa in H1

    Fintech

    Odisha To Launch Global FinTech Capability Hub In Bhubaneswar In August

    Fintech

    the revolution in finance and banking

    Fintech

    Transforming Fintech: The Future of Application Security

    Fintech

    Versus Trade’s Vitalii Bulynin shares Fintech-Building insights at IFX Expo International

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    PM expresses resolve to enhance agricultural production

    Commodities

    Le programme Energy Star menacé?

    Commodities

    Harris seized the moment. Can she translate that energy to victory?

    Editors Picks

    Centre taking pre-emptive steps to maintain stable food price

    January 17, 2025

    Sumishin SBI Net Bank offers online mortgage application via LINE | by Norbert Gehrke | Tokyo FinTech | Oct, 2024

    October 27, 2024

    Bitcoin Bull Dave Portnoy Foresees King Crypto’s Surge If Trump Triumphs In November Election: ‘It’s Gonna Rip’

    July 19, 2024

    ​Agricultural exports contribute 22% of GDP for 2024

    January 21, 2025
    What's Hot

    Chinese Investors Dump Record Amount of US Stocks and Bonds

    July 19, 2024

    Top Analysts Predicts the Rise of a New $0.005 Cryptocurrency to Match Shiba Inu (SHIB) Success

    July 30, 2024

    Sókn Engineering Is Driving Commodity Returns with Quantum Quantitative Models

    July 30, 2024
    Our Picks

    La production d’or de Gold Fields au Ghana a dépassé les attentes en 2024

    February 20, 2025

    Exploring the Evolution of Cryptocurrency: Trends and Innovations

    August 22, 2024

    Law enforcement warns about the dangers of crypto scammers

    August 17, 2024
    Weekly Top

    As digital dollar gains ground, will India’s high-net-worth individuals switch to stablecoins?

    August 1, 2025

    Long-dated euro zone bonds sell off; Trump slaps on tariffs

    August 1, 2025

    Twisted Metal star teases Anthony Carrigan’s “sexy” take on villain

    August 1, 2025
    Editor's Pick

    Agricultural soil is now the world’s biggest plastic dumping ground

    May 24, 2025

    Hackers Use Fake Web3 Job Interviews To Steal Cryptocurrency From Job Seekers

    February 28, 2025

    Personal Lines Results Propel Turnaround in US Property/Casualty Industry’s 2024 Underwriting Performance

    June 26, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.