It’s turning into a sobering year for fintech. After a carnival of new unicorns and mega-funding rounds in 2021, private fintech companies are now scrambling to cut costs and stretch out the funds they have to avoid needing to raise additional money at a lower valuation (known as a “down round”). Their fear is well grounded.
Still, it’s been a heck of a ride, fueled in part by the pandemic-accelerated shift towards so much shopping and banking online. In February 2020, just before Covid-19 hit the U.S, the average valuation of America’s ten biggest private fintech companies was $9 billion, and the cutoff to make the list was $3.7 billion.
For our 2022 list, those numbers have more than tripled–to an average value of $27.7 billion and a cutoff of $12 billion. Future funding rounds will show whether these record valuations reflect an about-to-burst bubble or are, perhaps, sustainable after a pause.
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“It's never the circumstances that determine success in life but what you DO with the current bad circumstances that determines your success in life.” – Dani Johnson. Incredible person reading this, have an awesome day! I believe in you! Love ~ Nat ✨❤️
❤Only for fans over 18 year⤵️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine emprutt.ONLINE Brünette und eine andere Blondine. Es wäre unfair, wennx ich 4 wählen würde
Number 1 should be US GOVT, its CORRUPT.
What about Binance ?
Klarna's valuation has fallen to $6.7 billion after the latest round
Chime is worth more than PayPal & CashApp?!?! 🤷♀️ 🤔
Insightful indeed!Money is sexy
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