Public payments incumbents are increasingly investing directly in private markets, participating in a high of 45 deals totaling $2.2B in 2019.
Payments markets are some of the largest in the world. According to CB Insights market sizing data, the global digital payments market is expected to grow to $2.4T by 2027.
To capitalize on this growth, public payments incumbents are increasingly investing directly in private markets, participating in 45 deals totaling $2.2B in 2019. Incumbents invest in private markets for a number of reasons, including financial gain, an inside view into emerging trends, and deeper partnership opportunities.
However, with Covid-19 adding global uncertainty and negatively impacting public company valuations, investing may slow down as cash is reallocated to other parts of the business.
In this brief, we used the CB Insights platform to get a better understanding of how the largest payments incumbents are investing.