Payments is a massive, confusing and unsustainably fragmented industry right now. So it’s no surprise that 47% of global fintech M&A deals tracked by Pivotl last year were payments companies getting snapped up.
Overall the number of fintech acquisitions jumped 66% between 2014 and 2015 and that number will only increase in the next 12 months. Arguably the most mature of the fintech verticals, payments companies will continue to drive M&A activity this year and don’t be surprised to see both Davids and Goliaths of the industry get acquired. With competition at an all-time high, it’s likely 2016 will also see some failures as companies bow out of the space altogether.
Drill down into more data, industry trends and hot companies with us at our next event: The Future Of Fintech on Wednesday 27th January at Rise London. Join us for insights from fintech unicorns TransferWise and Funding Circle, plus rapid-fire pitches from Barclays Accelerator startups followed by networking drinks.
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