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FTPartners

|January

2024Featuring:CEOInterviewCEO

MONTHLYMARKETUPDATE&ANALYSISPayments

&Transaction

ProcessingDigital

/Online/Mobile

Payments

●

Processing

&Gateways

●Money

Transfer

●

Point-of-Sale

Technology

●

Fraud/Security●

eCommerce&Loyalty

SolutionsTheOnlyGlobal

Investment

BankFocusedExclusively

onFinTechSteve

McLaughlin|Founder,CEO,

ManagingPartnerContact:steve.mclaughlin@

|415-385-9318?2024Payments

&Transaction

Processing

Market

Update

&AnalysisContentsFTPartners

–FocusedExclusivelyonFinTechFTPartners

isThrilled

to

Sponsor

Fintech

Meetup

2024March

3

–6,2024The

Venetian,

LasVegasFintech

Meetup

hasrevolutionized

howthe

FinTech

sectorconnects,collaborates

anddoes

business

together.

Theconferencebrings

together

5,000+

attendees

andfacilitates45,000+

meetings

through

proprietary

event

technology,

inwhatis

thelargest-ever

FinTech

meetings

program.Join

FTPartners

next

Marchandstaytuned

forexclusiveupdates

onthe

conference

and

co-hosted

events.Details

&RegistrationFTPartners

–FocusedExclusivelyonFinTechTimeline

ofSelected

FTPartners

Payments

TransactionsFTPartners

–FocusedExclusivelyonFinTechGround-Breaking

Payments

Transactions

Pioneered

byFTPartnersFTPartners

–FocusedExclusivelyonFinTechSignificant

Experience

Advising

LargeFinancing

RoundsCompanyAmount

RaisedCompanyAmount

RaisedSelectedProminent

Investors

inFTPartners

LedRoundsFTPartners

–FocusedExclusivelyonFinTechSelected

FTPartners’

International

/

Cross-Border

ExperienceTargetBuyer

/

InvestorInternational

AspectTargetBuyer

/

InvestorInternational

AspectFTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Pave

Bank

on

its

Seed

FinancingOverview

of

Transaction???Significance

of

Transaction??FTPartners’

Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Payzer

on

its

$250million

Sale

to

WEXOverview

of

Transaction????Significance

of

Transaction??FTPartners’

Role?????FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

SpotOn

onthe

Sale

ofits

Sports

&

Entertainment

Business

to

Shift4Overview

of

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&EntertainmentBusinessSignificance

of

Transaction?FTPartners’

Role???FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

C

on

its

Series

C

FinancingOverview

of

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–FocusedExclusivelyonFinTechFTPartners

Advises

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on

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to

FabrickOverview

of

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of

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Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Payspan

onits

Sale

to

ZelisOverview

of

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of

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Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Kantox

onits

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to

BNP

ParibasOverview

of

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of

Transaction?FTPartners’

Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Onafriq

(formerly

MFS

Africa)

on

its

$100million

FinancingOverview

of

Transaction????Significance

of

Transaction?FTPartners’

Role???FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

TabaPay

on

its

Investment

FromSoftBankOverview

of

Transaction??Significance

of

Transaction??FTPartners’

Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Payrix

onits

Sale

to

FISOverview

of

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of

Transaction??FTPartners’

Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

CloudWalk

onits

$150

million

Series

CFinancingOverview

of

Transaction????Significance

of

Transaction?FTPartners’

Role??FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Mollie

onits

FinancingOverview

of

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of

Transaction??FTPartners’

Role??I.

Exclusive

CEOInterviewPayments

&Transaction

Processing

Market

Update

&AnalysisModern

Treasury

Company

OverviewSelectedProducts??????SelectedCustomersPayments

&Transaction

Processing

Market

Update

&AnalysisModern

Treasury

CEOInterviewDimitri

DadiomovCo-Founder

&CEOPayments

&Transaction

Processing

Market

Update

&AnalysisModern

Treasury

CEOInterview

(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisModern

Treasury

CEOInterview

(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisModern

Treasury

CEOInterview

(cont.)II.

PublicPaymentsSector

UniversePayments

&Transaction

Processing

Market

Update

&AnalysisPublic

Comparable

Universe

Median

Price

/Earnings

Multiples

by

FTSector2023E

Price

/Earnings

Multiples2024E

Price

/Earnings

MultiplesPayments

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Processing

Market

Update

&AnalysisCommonStock

Comparison

–Summary

AnalysisPayments

&Transaction

Processing

Market

Update

&Analysis2023Eand

2024EPrice/

Earnings

MultiplesPayments

&Transaction

Processing

Market

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&AnalysisCommonStock

ComparisonPayments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)Payments

&Transaction

Processing

Market

Update

&AnalysisCommonStock

Comparison(cont.)III.

U.S.PaymentsIPO

TrackerPayments

&Transaction

Processing

Market

Update

&AnalysisU.S.

Payments

IPO

TrackerAmountRaised($

inmm)CurrentMarketCap($

inmm)IPOPriceCurrentPriceTotalReturnResearchProfileFiling

DateIPODateCompanyVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWIV.

Monthly

DealActivity

InsightsFTPartners’

MonthlyDealActivityInsightsPayments

Financing

StatisticsMonthly

Financing

Volume

andDeal

CountAverage

DealCountPer

Month:29($inbillions)Dollar

VolumeDeal

CountStripeRaises$6.9

billion$8.0$7.53853$7.0$6.04740393837$5.0$4.0$3.0$2.0$1.0$0.0333231302927272728252522212118161514$2.1$0.6$0.6$0.6$1.9$0.4$0.5$0.3$0.4$0.2$0.4$1.5$1.5$0.3$0.1$0.3$0.1$0.1$1.3$1.2$1.1AnnualFinancing

Volume

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CountSelectedLargestFinancings

in

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VolumeDeal

CountCompanyAmount

($inmm)DescriptionCountryUSAUSAIndiaUK467$25402Merchant

Acquiring

/PaymentProcessing$6,8691,050850$20298Check-Out

FreePaymentsforParking$15$10$5246244253MobilePayments$12.1307SMBPaymentsSystemPaymentsforPropertyTransactions$0174UKFTPartners’

MonthlyDealActivityInsightsPayments

M&A

StatisticsMonthly

M&A

Volume

andDeal

CountAverage

DealCountPer

Month:16($inbillions)Dollar

VolumeDeal

Count$20$18$16$14GTCRacquiresWorldpayatavaluation

of$18.829$18.5

billion262221201919$121818171817151515$10$8$6$4$2$0131212121111111086$7.5$5.7$1.5$1.1$1.1$0.8$0.8$0.7$0.7$0.9$3.7$0.3$0.1$0.4$0.1$0.4$0.0$0.0$0.0$0.0$0.0AnnualM&A

Volume

andDeal

CountSelectedM&A

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in2023($inbillions)Dollar

VolumeDeal

CountAmount($

inmm)TargetBuyerTargetCountry$135$120243$18,5002,7601,300610USAUAE222$105$90194186158$75$60$45$30$15$0153USANetherlandsUK$27.6542V.

M&ATransactionsPayments

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&AnalysisFinTech

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(cont.)PAYMENTSAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/Investors??VII.

KeyUpcomingIndustryConferencesPayments

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Market

Update

&AnalysisKey

Industry

Conferences

&

EventsDateConferenceLocationWebsiteFINTECH

INDIAEXPO2024E-COMMERCE

BERLINEXPO2024FINTECH

MEETUPMerchantPayments

Ecosystem(MPE)Payments

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Processing

Market

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&AnalysisUpcoming

Industry

Conferences

&EventsDateConferenceLocationWebsiteJanuaryFebruaryMarchVIII.Overview

ofFTPartnersFTPartners

–FocusedExclusivelyonFinTechSelected

FTPartners’

VIPVideo

ConferencesFinTech

in

IndiaB2B

FinTechStateofFinTech

2023Women

inFinTech

2023DemystifyingFundraising

forWomen

inFinTechFinTech

in

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2023Women

inFinTech

2022TheState

of

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Investingin2022Stablecoins:The

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–FocusedExclusivelyonFinTechFTPartners’

Client

Testimonials

(cont.)FTPartners

–FocusedExclusivelyonFinTechAward-Winning

Investment

Bank

Focused

on

Client

ResultsQEDInvestorsAvidXchangeTruebill“From

the

time

we

began

having

externalconversations

rightup

tothe

moment

wesigned

adefinitive

deal,

FTPartners

wereinvaluable

partners.

They

brought

notonlystrategic

advicebutalso

workedtirelesslyhelping

executeallthewaytoclosing.

Ican’timagine

trying

tonavigate

thisprocesswithout

them.”“We

hired

FTPartners

backin2009,and

our

Boardfeels

thathiring

FTPartners

wasoneofthemoststrategic

decisions

wecould

have

madealong

thisjourney.They

have

been

tremendous

partners

for

us,and

we

are

delighted

withthem

on

every

level.”“Wherever

aboard

or

amanagement

teamhassteered

awayfrom

hiring

FTPartners

italways

seems

toend

up

in

tears.

Here’stoyouandeverything

youdo.”Michael

Praeger,

CEO,

AvidXchangeHaroon

Mokhtarzada,

Co-Founder

and

CEONigelMorris,Managing

PartnerConsistentRecognition

Throughthe

YearsBloombergM&A

Advisor

AwardsSiliconValley’sMostLendItFinTechIndustryTheFinTechFinance

40TheM&A

AtlasAwardsPopularDealmakersAwardsFTPartners’SteveMcLaughlinwas

featured

onBloombergOver

10

awards

includingTechDeal

oftheYear(2019)

andInvestment

Banking

FirmoftheYear

(2016)SteveMcLaughlin

ranked

#1

in2017

and20182020

LargeSPAC

Deal

oftheYearRanked

#2Tech

InvestmentBanker

in2016Top

Investment

BankinFinTechin

2018View

thefull

article

and

watchthelive

TVinterview2020

Corporate

M&ADeal

oftheYearFTPartners

–FocusedExclusivelyonFinTechFTPartners’

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anditssubsidiaries

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andFinTechPartnersLtd,collectively

“FT

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