Acquirer Index

Fintech Acquirer Index

A disclosed-deal league table for fintech buyers, ranked by disclosed transaction count in the Windsor Drake Fintech Exit Index.

25 Ranked acquirers
50 Disclosed deals
$212B Disclosed value
136 Index deal base
1

Thoma Bravo

5 disclosed deals tracked, totaling $31B across 3 sub-sectors.

Anchor
Target Value Sub-sector Date
Coupa Software $8.0B B2B SaaS December 12, 2022
ForgeRock $2.3B Cybersecurity October 11, 2022
SailPoint $6.9B Cybersecurity April 11, 2022
Anaplan $11B B2B SaaS March 20, 2022
Bottomline Technologies $2.6B B2B Payments December 17, 2021
2

Mastercard

5 disclosed deals tracked, totaling $6.3B across 2 sub-sectors.

Anchor
Target Value Sub-sector Date
BVNK $1.8B Crypto / Stablecoin March 17, 2026
Recorded Future $2.6B Regtech September 12, 2024
Ekata $850M Regtech April 19, 2021
Finicity $825M Regtech June 23, 2020
RiskRecon $150M Regtech December 12, 2019
3

Visa

4 disclosed deals tracked, totaling $11B across 4 sub-sectors.

Anchor
Target Value Sub-sector Date
BioCatch $2.4B Identity / Fraud August 4, 2026
CurrencyCloud $930M B2B Payments July 1, 2021
Tink $2.1B Regtech June 24, 2021
Plaid $5.3B Financial Data / Open Banking November 1, 2020
4

Stripe

3 disclosed deals tracked, totaling $8.8B across 3 sub-sectors.

Anchor
Target Value Sub-sector Date
OpenRouter $7.5B Capital Markets Tech August 19, 2026
Bridge $1.1B Crypto / Digital Assets October 20, 2024
Paystack $200M Payments October 15, 2020
5

Block

2 disclosed deals tracked, totaling $29B across 2 sub-sectors.

Anchor
Target Value Sub-sector Date
Afterpay $29B Lending August 1, 2021
Credit Karma Tax $50M Consumer Finance November 25, 2020
6

Intercontinental Exchange

2 disclosed deals tracked, totaling $23B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Black Knight $12B Capital Markets Tech May 4, 2022
Ellie Mae $11B Capital Markets Tech August 6, 2020
7

Morgan Stanley

2 disclosed deals tracked, totaling $20B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Eaton Vance $7.0B Wealthtech October 8, 2020
E*Trade $13B Wealthtech February 20, 2020
8

PayPal

2 disclosed deals tracked, totaling $6.7B across 2 sub-sectors.

Anchor
Target Value Sub-sector Date
Paidy $2.7B Lending September 8, 2021
Honey Science $4.0B Vertical SaaS Payments November 20, 2019
9

Nuvei

2 disclosed deals tracked, totaling $4.0B across 2 sub-sectors.

Anchor
Target Value Sub-sector Date
Payoneer $2.7B B2B Payments June 9, 2026
Paya $1.3B Payments January 9, 2023
10

Bill.com

2 disclosed deals tracked, totaling $3.1B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Invoice2go $625M Vertical SaaS Payments September 1, 2021
Divvy $2.5B Vertical SaaS Payments May 6, 2021
12

Ripple

2 disclosed deals tracked, totaling $2.3B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
GTreasury $1.0B Treasury / Cash Management October 16, 2025
Hidden Road $1.3B Treasury / Cash Management January 1, 2025
13

Deluxe

2 disclosed deals tracked, totaling $1.3B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Celero $625M B2B Payments June 19, 2026
Celero Commerce $625M B2B Payments June 18, 2026
14

Coinbase

2 disclosed deals tracked, totaling $650M across 2 sub-sectors.

Anchor
Target Value Sub-sector Date
Echo $375M Wealthtech November 1, 2025
FairX $275M Crypto / Digital Assets January 12, 2022
15

Circle

2 disclosed deals tracked, totaling $590M across 2 sub-sectors.

Anchor
Target Value Sub-sector Date
Tazapay $400M Crypto / Stablecoin September 8, 2026
CYBAVO $190M Crypto / Digital Assets June 1, 2022
16

LendingClub

2 disclosed deals tracked, totaling $370M across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Radius Bank $185M Neobank December 31, 2020
Radius Bancorp $185M Neobank February 1, 2020
17

GTCR

1 disclosed deal tracked, totaling $19B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Worldpay $19B Payments July 6, 2023
18

PNC Financial Services Group

1 disclosed deal tracked, totaling $12B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
BBVA USA $12B Neobank November 16, 2020
20

ICE

1 disclosed deal tracked, totaling $5.7B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
MarketAxess $5.7B Capital Markets Tech July 30, 2026
21

Roper Technologies

1 disclosed deal tracked, totaling $5.3B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Vertafore $5.3B Insurtech August 12, 2020
22

Allstate

1 disclosed deal tracked, totaling $4.0B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
National General $4.0B Insurtech July 7, 2020
23

Aviva Singapore

1 disclosed deal tracked, totaling $2.3B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Singlife $2.3B Insurtech September 1, 2020
24

Goldman Sachs

1 disclosed deal tracked, totaling $2.3B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
NEOS Investments $2.3B Capital Markets Tech August 12, 2026
25

NEC Corporation

1 disclosed deal tracked, totaling $2.2B across 1 sub-sector.

Anchor
Target Value Sub-sector Date
Avaloq $2.2B Financial Data / Open Banking October 6, 2020