The ones that are publicly traded have been getting destroyed: robinhood, affirm, paypal, coinbase Fast sizzling out "faster" than ever, blew through $120m in a legendarily stupid fashion (I don't even think I could spend this if I tried in 2 years) Excluding Stripe because they are probably the only one with a future. Fintechs that are set to go public that are already valued over $20b: - checkout.com ($40b) - klarna ($45b) - revolut ($33b) - FTX ($32b) - Chime ($25b) (my favorite one, just a greendot card with a frontend that looks like it was whipped up by a new grad over a weekend) honorable mentions that are over $10b: bolt, brex (another funny one, literally just a corporate credit card with a cute UI with tons of competitors entering already), plaid (actually good), ripple, alchemy Do you really think any of these companies still have room to 5x? 😂 TC 280
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Thank you AAPL and NVDA
Bolt?
Bolt ons
B58 FBO
Agreed. Upstart even after being profitable is justvvalued at 9 billion. Crazy times
Upstart is super undervalued now. People seem to have forgotten about Q4 earnings. Completely baffles my mind how Robin Hood is valued at more with it’s given financials.
UPST 120c 5/20 locked and loaded. Going to sell before earnings tho
You missed SoFi. Spending $400m on a football stadium only to have Biden pause student loan payments forever.
Apartment List is cool btw, it's how I found my current apartment!
The pause doesn’t apply to those loans as they’re private
You missed Block
What about it. Did you see last quarter’s results?
Not a startup either. Might as well bring PayPal into this topic if we gonna talk about Block
The problem just is Fintech IMO Every preipo startup with blown up valuation seems super risky at the current market.
^ this
+1 actually this applies to all public and private companies. Those able to maintain profitability and/or a large cash position (more than 8 months cash on hand) will survive
Why is plaid the only one you’re saying is good
I don't know if any other companies do what Plaid does. And it's a shit ton of necessary work to integrate with each bank.
Plaid’s more of a SaaS company than a pure fintech tbh
It really is wild. MongoDB isn't perfect, but with a recession looming why would you join a Fintech startup over something with a strong subscription revenue stream like Mongo, Snowflake, Databricks, etc.
None of these crap companies is profitable, they will be the first to be crushed in stock market downturn
Why do you think ❄️ is crap?
How about M1?
Where's the competitive moat? How is it any different than Robinhood at the end of the day?
M1 is more than robinhood. It allows you to automate asset allocation based on stock
Marqeta?
They're stable from what I can tell, been following for about 5-6 years
They seem to be doing well. Had a chance to join them four years ago but ended up not doing so as their VP of Product was a complete d*ck during the last interview loop. I missed out....
Don’t join a startup. That’s a loser position to be in. Instead, make a startup.
Yup . Be your own loser
Yup. Be a loser with an ego.