Total disclosed deal values reached $7.2 billion in the first three months of 2025, aided by two megadeals. Only 14% of FinTech transactions disclosed their deal value as buyers preferred to keep their M&A strategies private.

Coming in at the top of the buyers leaderboard, the strategic company Clearwater Analytics Holdings made 3 deals. Additionally, the strategics Morningstar, 4sure Technologies, Regnology, Adventure Box Technology, Perfios, nCino, BlueMatrix, Coinbase, Accenture, DSP Group, and Shift4 Payments each made 2 acquisitions. PE firms Echo Base Holdings and Advent International also did 2 deals each.

In the first quarter of 2025, M&A activity in the FinTech sector was healthy with 243 deals, up 84% year-over-year, indicating that dealmaking is on the rise compared to recent years. Financial acquirers were active in this space as 23% of these transactions were made by Private Equity buyers.