The fintech area, and the tech area extra broadly, is enamored with firm valuations. The time period unicorn arose out of that fascination.
However with many of the largest fintech names eschewing new funding rounds in the course of the fintech valuation winter, arduous knowledge on valuations has been troublesome to return by.
That’s the reason this Forbes piece caught my eye this morning. It supplies new valuation estimates based mostly on knowledge collected by Caplight.
Caplight, a San Francisco startup that tracks secondary-market trades of personal tech corporations, shared knowledge with Forbes on valuations of 11 marquee fintech names. The estimates are based mostly on current secondary market transactions.
The information reveals drops from the height valuation (in 2021 or early 2022) that vary from 79% (for Klarna) to 23% (for Ramp).
It needs to be famous that many individuals argue that secondary market valuations don’t mirror the precise valuation of those fintech corporations.
However with no public knowledge and few new funding rounds, it’s all we’ve got to go on.
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