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Fintech valuations adjust as market fears weigh on returns
The first quarter of 2025 was a roller coaster for fintech stocks, reflecting movements in the broader market. Concerns over a global trade war, stagflation, and weaker consumer confidence forced a recalibration of valuations, leaving most fintech segments in the red. Some cohorts saw median returns drop by double digits, such as high-growth fintech and high-growth payments, which include companies such as Ibotta, Alkami Technology, and Block. Meanwhile, Klarna and eToro have delayed their IPOs amid the market uncertainty.
Our Q1 2025 Fintech & Payments Public Comp Sheet and Valuation Guide tracks metrics for key publicly traded companies that include stock performance, changes in valuation, historical valuations, revenue growth, EBITDA growth, and EBITDA margins. It is constructed using the PitchBook Excel plugin available to subscribers.