Research Brief June 14, 2023 Banking & Payments Client Intelligence Core Intelligence Financial Services Fintech India Payments Which payments startups have the highest valuation per employee? Using our headcount and valuation data, we look at payments players like Stripe, Brex, and Bolt to see...
While interest rates will impact the cost of capital and valuation multiples for all equities, we estimate that rates have a neutral impact on earnings for the majority of the Fund (55%). For the rest, we believe earnings for 25% of the Fund benefit from higher rates, while earnings for...
Fintechs may also sell to banks in times of financial hardship when valuation expectations are lowered. Example circumstances leading to deals might include lack of product-market fit, inability to fundraise, high cash burn rates, competitor strategies that limit growth, and investor pressures to...
He is trying to convince investors he can transform Goldman into a company that will generate predictable revenues and therefore merits a higher stock market valuation. The knock on Goldman’s legacy trading and investment banking businesses, which provide the bulk of profits, is that they are too...