Fintech Valuations in a Macro Hurricane

Fintech valuations have gotten crushed over the past few months, with growth capital availability and public market comps plummeting due to macro conditions.

If you're?a publicly traded fintech like Robinhood, Coinbase, SoFi, Square/Block, MoneyLion, Payoneer, Dave, Remitly, Nubank, PayPal or many others, you're?feeling the pain.

Of course, fintech is not alone. The broader markets are in free fall, with the S&P 500 now squarely in bear market territory (down >20% from highs earlier this year). But our job here is to go deep on fintech.

I was recently hosted for an?amazing deep dive discussion?on fintech valuations in the current macro environment by?Lex Sokolin, the brain behind the?Fintech Blueprint?and the Head Economist & Global Fintech Co-Lead at?ConsenSys.

In the wide ranging conversation, available below, we discussed operating frameworks for navigating difficult markets, valuation multiples, fintechs as tech companies vs. balance sheet businesses, implications for BNPL and other fintech verticals, and much, much more.

In addition to the publicly available podcast,?Premium Rebank subscribers received a detailed written analysis?of the macro, fundamental and business model reasons that fintech valuations are struggling, along with our thoughts on where we can go from here.?

To become a Premium subscriber and access all of our thematic and company specific analysis, visit www.rebank.cc/subscribe.