Global

Stripe slashes its valuation; other fintechs are likely to follow

  • Stripe has cut its internal valuation by 28%, to US$74bn, well below the US$95bn level of its last fundraising

  • Listed EM fintechs have been hit by the broad tech rout; shares have declined 32% ytd, with Brazilian names down heavily

  • Digital bank shares have fallen the most so far this year, while digital lenders and investechs have been more resilient

Contributors
July 15th, 2022
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