In December, US investment accounting platform provider Clearwater Analytics was picked up for $8.4B at 13 times revenue by global investment firm Permira to integrate industry-leading solutions to deliver a front-to-back solution that natively addresses alternative assets, provides industry leading risk analytics, and delivers on agentic solutions powered by its proprietary database.

In November, developer of a crypto-asset exchange platform Dunamu was acquired by financial services provider Naver Financial for $10.3B at 2.8 times revenue. This acquisition is set to create a fintech heavyweight in South Korea that offers everything from payments, financial services like insurance, to blockchain services as well as crypto and securities trading.

In May, cryptocurrency derivatives exchange platform Deribit was acquired by Coinbase, one of the top acquirers in the first half, for $2.9B. Deribit's robust options platform complements Coinbase’s rapidly growing US futures and international perpetual futures businesses. 

In April, Global Payments sold its Issuer Solutions business to FIS for $12B at 5.5 times revenue. This acquisition will expand FIS’ product payment suite and deepen their relationships with financial institutions and corporate clients. 

Finally, Merging investing and trading platform The INX Digital was acquired by banking operations management software provider Republic for $60M at impressive 28.2 times revenue. This deal combines Republic's presence in the US and UK markets with INX's regulatory framework and trading technologies. This creates an integrated platform for the initial issuance of tokenized assets and secondary trading across jurisdictions.

In November, global cash automation and cash-handling software provider Compuflex was acquired by one of the top acquirers, Kinective for an undisclosed amount. This acquisition expands Kinective's existing partnerships with leading cash register manufacturers, core banking and teller software providers, while strengthening the company's leadership position in cash automation and device management solutions.

In October, ezyCollect, Australian SaaS provider specializing in Order-to-Cash solutions for small and mid-sized businesses, was picked up by France-based FinTech Sidetrade for $43.4M, strengthening Sidetrade’s mission to democratize its agentic AI platform.