The fintech space, and the tech space more broadly, is enamored with company valuations. The term unicorn arose out of that fascination.
But with most of the largest fintech names eschewing new funding rounds during the fintech valuation winter, hard data on valuations has been difficult to come by.
That is why this Forbes piece caught my eye this morning. It provides new valuation estimates based on data collected by Caplight.
Caplight, a San Francisco startup that tracks secondary-market trades of private tech companies, shared data with Forbes on valuations of 11 marquee fintech names. The estimates are based on recent secondary market transactions.
The data shows drops from the peak valuation (in 2021 or early 2022) that range from 79% (for Klarna) to 23% (for Ramp).
It should be noted that many people argue that secondary market valuations don’t reflect the actual valuation of these fintech companies.
But with no public data and few new funding rounds, it is all we have to go on.
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- Source: https://www.fintechnexus.com/fintech-nexus-newsletter-march-11-2024-new-valuation-estimates-for-the-biggest-fintech-names/
