Looking at sellers by geography, 42% of target companies were based in the US, followed by the United Kingdom at 13% and Canada at 7%. The Netherlands represented the headquarters of 4% of sellers, with India and Brazil each being home to 3%.

Now looking at buyers by geography, 46% of RegTech acquirers were based in the US, followed by the United Kingdom and Canada at 9% each. Numerous other European countries also saw significant M&A activity in the first quarter of 2026. Dealmaking remained international with 43% of transactions being cross-border.