David Francione

  • Managing Director
617-419-2040
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Biography

David Francione, Managing Director, has over 17 years of experience as an investment banker, corporate development executive and management consultant.

Previously, David served as Senior Vice President at Silverwood Partners, a global investment banking firm. Prior to joining Silverwood Partners, He was head of corporate development for Elcom International, Inc., a $500 million international publicly-traded eCommerce technology platform company. David began his career with SS&C Technologies (Nasdaq: SSNC), a leader in securities processing software and analytics and then joined the investment banking group at Advest, Inc. (acquired by Merrill Lynch), where he focused on public offerings, mergers and acquisitions, private financings and valuations for financial services, technology and consumer products companies. 

David serves as a member of the board of directors for the University of Connecticut alumni association and is co-chair of its investment committee.

Education

University of Connecticut - MBA - Finance

Central Connecticut State University - BS - Finance

Registrations & Affiliations

FINRA - Series 7 & 63 Registered General Securities Repsentative

FINRA - Series 79 Registered Investment Banking Representative

Industry Coverage

Deal volume and financings across the FinTech & Payments industry decreased 20% year-over-year (YOY) but increased 11% on a quarter-over-quarter basis.  The contraction in deals and financings reflects the adverse impacts of the COVID-19 pandemic that started in March and has continued through the end of Q3 2020.  In total, there were 152 mergers and acquisitions (M&A) announced in the space with Payments remaining the largest segment. Read more

In this report, we highlight business sectors such as the Hospitality Merchant industry, which has seen steady sales growth surpass the pre-COVID levels reported during the week of March 2nd, presenting ample tailwinds for the FinTech industry. Additionally, global retail e-commerce sales increased 81% year-over-year in May, and global ePayment technology solutions have seen a dramatic increase in growth driven by the pandemic. In total, there were 137 mergers and acquisitions (M&A) announced in the space with Payments remaining the largest segment. Moving forward, we see significant opportunities for the Payments industry to continue evolving as it adds new revenue streams focused on the customer’s experience, risk management tools, cross-border capabilities, B2B efficiencies and industry-specific offerings, and e-commerce and mobile capabilities.Read more

There were 165 transactions in Q1, with 50 deals in the payments-related space with the following break-down: payment processing (34%), online payments (16%), mobile (10%), gateway/point of sale (14%), and niche/industry-specific (26%) in areas such as healthcare, legal, trading, cross border, among others.Read more