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Fintech & Payments Public Comp Sheet and Valuation Guide

Q2 2023

Fintech & Payments Public Comp Sheet and Valuation Guide

July 6, 2023

Fintech stock rebound favors profitable business models
 

Share prices for recently public fintech companies have been rebounding faster than the wider market. Still, investors are prioritizing profitability, as traditional IPOs have outperformed SPACs. Neobanks, insurtech, proptech, and high-growth payments companies are all working to turn a profit, whereas well-funded incumbents are pursuing M&A. A reset almost always favors the strong. 

Our Q2 2023 Fintech & Payments Public Comp Sheet and Valuation Guide tracks stock performance, valuations, and market caps—as well as forecasts for revenue, EBITDA, and earnings per share—for key publicly traded companies. This quarter's guide also includes data from PitchBook’s VC Exit Predictor, a tool that forecasts which private companies are most likely to go public or be acquired. 


Table of contents
Key takeaways 1
Stock returns 4
Valuations 5
Revenue 6
Gross income 8
EBITDA 10
Free cash flow 12
Earnings per share 14
Market cap 16
Private company valuations 17
PitchBook VC Exit Predictor 18
M&A 20
Traditional financials comparables 22