Windsor Drake Research
Sector valuations, transaction data and the benchmarks the firm works from in live sale processes. Every report is open to read, dated, and documented to primary sources.
Source: Windsor Drake Market Intelligence and the Fintech Exit Index, data through October 21, 2026.
Featured
Benchmark · Updated October 21, 2026
The Fintech Exit Index sets every disclosed fintech acquisition with a reported enterprise value and revenue against public comparables for six sub-sectors. The ledger, its sources and a CSV download are on the page.
Fintech · Quarterly valuations
Fintech · M&A activity
Tracker
Benchmark
Index note · August 12, 2026
Series
Quarterly valuations
Sub-sector multiples each quarter, with public comparables set against disclosed deals.
13M&A activity
Deal counts, the buyer mix and the named transactions behind the numbers.
8Market reports and benchmarks
Annual studies: multiples by industry, the Rule of 40, payfacs, sponsor exits and the buyers of fintech.
15Insight Reports
Long-form reports on how founder-led companies are priced, structured and sold.
578Transaction records
Every tracked fintech deal, searchable, with its date, buyer, sub-sector and source.
19Valuation tools
Ten calculators and nine benchmark explorers in the Valuation Lab.
The library
Eighty reports across fintech, software, cybersecurity and AI, newest first. Each opens on its own page, free to read.
80 reports
Fintech · ReportFintech · M&A activityFintech · Valuations
Fintech · Valuations
Fintech · M&A activity
Fintech · Valuations
Fintech · Report
Fintech · Report
Fintech · Report
Fintech · Valuations
Fintech · Valuations
Software & SaaS · Valuations
Software & SaaS · Valuations
Software & SaaS · Report
Software & SaaS · Report
Software & SaaS · Report
Software & SaaS · M&A activity
Software & SaaS · Valuations
Software & SaaS · Report
Cybersecurity · M&A activity
Cybersecurity · Valuations
Cybersecurity · Valuations
AI · Valuations
AI · M&A activity
AI · ValuationsNo reports match both filters.
Benchmarks and tools
Public comparables for six fintech sub-sectors and every disclosed fintech deal multiple, with its source.
Private-company ranges for 25 industries, by EBITDA size band.
Public comparable multiples and the growth and margin trade-off behind them.
PayFac, acquiring, orchestration and rails, refreshed quarterly.
Category-level multiples across the security stack.
Sale multiples by layer of the stack, sourced.
The gap between what a serial acquirer pays in an unbanked bilateral deal and what the same business clears in a competitive process.
Insight Reports
Fifteen long-form reports from the desk, 23 to 30 pages each. Request any report from its page and it arrives by email.
Insight Report 1
Insight Report 2
Insight Report 3
Insight Report 4
Insight Report 5
Insight Report 6
Insight Report 7
Insight Report 8
Insight Report 9
Insight Report 10
Insight Report 11
Insight Report 12
Insight Report 13
Insight Report 14
Insight Report 15Transaction research
Dossiers on the transactions that anchor valuations in our sectors: terms, multiples and strategic rationale, drawn from filings and primary sources.
| Year | Transaction | Disclosed value |
|---|---|---|
| 2022 | Block acquires Afterpay | $29B |
| 2023 | GTCR acquires a majority of Worldpay | $18.5B |
| 2020 | Nasdaq acquires Verafin | $2.75B |
| 2020 | SoFi acquires Galileo | $1.2B |
| 2023 | Visa acquires Pismo | $1.0B |
Sector briefings by email
Choose a sector and the briefing arrives in your inbox from Jeff Barrington. Tick the box to receive the quarterly research update as well.
Method
Counts and disclosed values in Market Intelligence are computed from the reviewed transaction corpus when the site is built. None is entered by hand.
Every row passes editorial review before it appears. Rows marked pending or rejected are withheld from every public surface, including the downloads and the API.
Research is reviewed by Jeff Barrington, Founder and Managing Director. Cite as: Windsor Drake Market Intelligence (windsordrake.com).
Windsor Drake advises founder-led companies on sell-side M&A. A first conversation is confidential and starts with your numbers.
