Looking at sellers by geography, 41% of target companies were based in the US, followed by the United Kingdom at 15% and France at 7%. Canada represented the headquarters of 5% of sellers, with Germany being home to 4% and India 3%. 

Now looking at buyers by geography, 50% of RegTech acquirers were based in the US, followed by the United Kingdom at 9% and Canada at 6%. Numerous other European countries also saw significant M&A activity in the first half of 2026. Dealmaking remained international with 41% of transactions being cross-border.