Fintech valuation multiples. Paytm’s valuation multiples may come under fresh scrutiny. SaaS valuation multiples in 2025 have settled into a “new normal,” with average EV/Revenue multiples returning to pre-pandemic levels amid evolving investor. Top fintech M&A firms stand out for their hands-on expertise in financial technology, solid transaction chops, and a strategic sense for digital transformation. Our Fintech Q2 Public Company Valuation Guide tracks stock performance, revenue forecasts, and market caps of key publicly traded fintech companies. See which AI SaaS sectors are getting the highest valuation in 2025 and how mid-market founders can position for premium outcomes in M&A. , EV/Revenue, EV/EBITDA) guide valuation. A Revenue multiple is a valuation metric used to assess a company’s worth relative to its total revenue. The valuation of FinTech companies concerns promising startups and some seasoned firms. Deep industry knowledge is crucial for navigating complex fintech M&A transactions, enabling firms to anticipate challenges and leverage insights for successful outcomes. In this report, we share our meta-analysis of EBITDA multiples for small-to-midsized private businesses, parsed by industry and company size. Payments Except Adyen, there aren’t any large-cap publicly-listed payments companies in Europe The valuation gap to the US in payments is the largest across all fintech verticals Share of global payments market cap 4% 96% What Are Startup Multiples? Startup multiples are financial metrics used to compare a company’s valuation against a specific performance indicator, such as revenue, profit, or EBITDA. Latest fintech M&A multiples – Q4 2025 snapshot. 💸 Fintech companies come in all shapes and sizes, so we've looked at public valuation performance across key fintech segments: > Overall market cap: payments wins with over $2T cumulative Unveiling the Valuation Landscape of Payment Companies in 2024 The payment sector, an integral part of the fintech world, presents a fascinating tableau of valuation multiples that reveal much about investor sentiment and market expectations. For fintech startups, the first five years of the decade have been a roller-coaster ride. Fintech Valuation Multiples Discover revenue and EBITDA valuation multiples for Fintech and similar public comparables like Caixa Seguridade, BB Seguros, and PB Fintech. Get revenue, EBITDA, and valuation multiples for 200+ fintech companies, including public, private, and M&A deals. Largest FinTech Companies Compare revenue and EBITDA valuation multiples for the largest FinTech public comps like Visa and Mastercard . Learn fintech valuation methods in a practical step-by-step manner with this working example for fintech payments unicorn Transferwise. Second, EV/EBITDA. If PhonePe lists successfully at high implied revenue multiples, investors may reassess valuation frameworks applied to listed fintech firms. Also, the In/Out list for fintech trends going into 2024. These multiples (e. Discover 2026 revenue and EBITDA multiples, M&A trends, and proven strategies. . Learn best practices, real-world applications, and how to navigate the complexities of tech company valuations. 1%, as measured by the median change in trailing twelve months (TTM) TEV to revenue multiples between January 1, 2022, and May 5, 2023. The F-Prime Fintech Index reflected this rise and fall. Fintech Startup Valuation Multiples: Mid-2025 Edition 360 private, public, and acquired fintech companies — benchmarked, organized, and ready to use. Deal activity, valuation trends, and sector insights for fintech founders, buyers, and investors. 1x EV/Revenue, private deals around 4. Our Fintech Public Comp Sheet and Valuation Guide tracks stock performances, valuations, and market caps of key publicly traded fintech companies. The following SaaS valuation multiples 2025: public medians near 6. Institutional-Quality Public Comps and Private Multiples We've built Multiples to modernize and democratize access to investment-grade valuation data. Jan 20, 2026 · Fintech valuation benchmarks explained for all funding stages. 3. Multiples for public fintech companies declined in Q1 versus 2022 and private fintech valuations are following suit. Key Takeaways: UK fintech valuations are shifting from pure revenue multiples to multi-dimensional metrics AI adoption and open banking capabilities now command 20-25% valuation premiums ESG credentials drive up to 15% valuation uplift Customer lifetime value has become increasingly crucial, with a 35% increase in the past year Our Fintech & Payments Public Comp Sheet and Valuation Guide tracks stock performance, revenue forecasts, and market caps of key publicly traded fintech & payments companies. The severity of any recession is the other glaring factor that will influence revenue, profit, and multiples. Get insights on public, private, and M&A fintech valuations—plus access to a detailed valuation dataset. While global M&A has suffered in 2024, the Fintech sector saw M&A activity rise sharply this year, with 600+ deals recorded Public Comps and Valuation Multiples for FinTech Benchmark revenue and EBITDA valuation multiples for public comps like SAP, American Express, S&P Global, CME Group and Intercontinental Exchange. By Tracy Jawhar and Beatriz Troiano 3 min read } Article Fintech Valuations Run into a Macroeconomic Buzzsaw Fintech fundraising had a bumper year in 2021, with about 5,000 deals raising roughly $131. Current fintech valuation multiples and benchmarks. Below are key metrics shaping deal valuations in 2025: What This Means for Paytm Investors If PhonePe successfully lists at a valuation in the $13-15 billion range: It could provide a new sector benchmark for fintech valuations. Peer Re-rating: Paytm’s stock could experience short-term volatility as markets reassess relative positioning. The Role of AI and Automation in Boosting Fintech Company Valuations AI allows fintech companies to automate costly manual processes, improving margins and strengthening valuation multiples. Explore 2025 fintech valuation multiples, industry trends, and key valuation drivers. A list of fintech companies, captures the multitute of fintech companies throughout the world. In the world of fintech multiples, financial technology, or fintech, evaluating company value is crucial for investors and industry players alike. More than this, some fintech sectors – payments and lending – were running at over 40x during 2023. Benchmark Valuation Multiples Across 40 Tech Themes See public comps and valuation multiples for B2B SaaS, SexTech, ClimateTech, Horizontal SaaS, AutomotiveTech, GovTech or FinTech. Machine learning models enhance underwriting accuracy, reducing default risk for digital lenders and boosting investor confidence. Get expert guidance. Benchmark public comps and valuation multiples for Payment Service Providers companies. Revenue multiples are often used as a proxy for ARR. We partner with FactSet, Morningstar and other verified 3rd party providers to source analyst estimates and deal valuation multiples. In this article, we explore the comprehensive methods, factors, and metrics necessary for valuing fintech startups. Discover which fintech niches command the highest valuation multiples, why they diverge, and what it means for founders, investors, and operators. Then, 2021 saw unprecedented levels of investment and M&A activity, although Revenue valuation multiples faltered, likely as a correction from the previous year. Our analysts recently conducted a meta-analysis on SaaS valuation multiples for the 3 most common valuation models: EBITDA, SDE, and Revenue. 5 billion. Access all valuation multiples for public comps and M&A deals across 220+ sectors and 40 tech themes. Most banks aim for this to be below 10, as the more a bank can provide returns that match valuation the better. Revenue multiples reached historic highs, with valuations as much as 25 times revenues by some analysts’ estimate. The median EBITDA multiple for Fintech SaaS companies in Q4 2022 was 5. At the outset, companies were awash in easy money, then a harsh funding winter befell them, causing Below you will find a broad summary of fintech sectors, the closest public comps, the key metrics to pay attention to, and where multiples are today. We break down India-based fintech valuations and revenue multiples with a focus on payments companies like PhonePe, Paytm, and CRED. Q1 reinforced that the For instance, examining the fintech valuation multiples applied in a recent acquisition of a similar fintech company can offer insights into how much investors might be willing to pay for the startup you’re valuing. The total enterprise valuation (TEV) to revenue multiples for the same publicly traded fintech companies were down 18. 1%, as measured by the median change in trailing twelve months (TTM) TEV to revenue multiples between Jan. Learn startup valuation multiples by industry, what drives them, and how founders can use these benchmarks to attract investors and maximize valuation. Jan 26, 2024 · The FinTech industry was among the big winners of the pandemic starting in 2020 thanks to skyrocketing adoption rates and an investment frenzy—especially in the stock market—fuelled by favourable economic policies. Acquire or be Acquired: Update on Fintech Valuation Multiples – Where Do We Go From Here? January 31, 2023 We then experienced an over-correction in 2022, with massive drops in valuations and multiples, and investors differentiating truly disruptive fintechs from those that merely provided a slightly better version of an existing financial service. Public Comps and Valuation Multiples for FinTech Infrastructure Benchmark revenue and EBITDA valuation multiples for public comps like Shopify, One97 Communications, Bread Financial, Kaspi. These multiples act as quick valuation shortcuts, allowing investors and founders to gauge whether a startup is fairly valued relative to competitors. 5x their annual revenue in 2023, on average. FinTech - Valuation Multiples FirstPageSage determined that lending FinTech companies are valued at 5. €79. Learn key benchmarks and drivers. Jun 9, 2025 · Fintech valuation multiples mid-2025 analysis showing benchmarks across 9 fintech niches based on Finro’s dataset covering public comps, private rounds, and M&A deals. 90 • Instant Download (Excel) What’s Inside: A high-utility spreadsheet built for anyone pricing fintech deals, preparing investor materials, or modeling market comps. Valuation Reset: It may establish new benchmark multiples for fintech listings. 4x, according to Finerva. Our Fintech Q3 Public Company Comp Sheet and Valuation Guide tracks stock performance, revenue forecasts, and market caps of key publicly traded fintech companies in sectors including payments, insurance tech and property tech. Discounted Cash Flow (DCF) The DCF method remains a popular approach in startup valuation. - Example: If a similar fintech startup was recently acquired at 5x revenue, you can use this multiple to value your company. We expect private fintech multiples to decline further. When looking at how to value a fintech startup, there are very different valuation approaches and methodologies used, in comparison to traditional financial services business models. It is used in transactions to assess a company’s top-line performance and growth potential. Investors may reassess growth, profitability, and distribution-led revenue models. The valuation read-through is central to Macquarie’s assessment. Jan 7, 2025 · Our analysts recently conducted a meta-analysis on fintech valuation multiples for the 2 most common valuation models: Revenue and EBITDA. We delve into the key pillars of fintech, compare the valuation of fintech companies versus traditional financial institutions, and introduce the latest trends shaping the industry in 2024. Access the full 2024 State of Fintech report here. From fintech giant Stripe to six-year-old startup Justt, which helps companies recover revenue lost to illegitimate chargebacks, seven payment companies made our Fintech 50 list. 90. Based on data from 360 real fintech companies. Important valuation multiples to use for fintech valuation Now that you have a basic understanding of the approach to valuing startups, it is worth spending some time understanding the most commonly used multiples used in the fintech industry. Public Comps and Valuation Multiples for Insurance Brokers Benchmark revenue and EBITDA valuation multiples for public comps like Ryan Specialty, Primerica, Caixa Seguridade, BB Seguros and PB Fintech. 4. Transaction Multiples: - Transaction multiples analyze recent M&A deals or private placements in the fintech sector. g. This report shares valuation and EBITDA multiples for tech companies, based on private company M&A transactions within the tech sector. Analysis of revenue multiples, EBITDA multiples, and key valuation drivers for fintech companies. The valuation gap between 🇪🇺 Europe and the 🇺🇸 US across public fintech markets is huge and very visible: 💳 Payments: 96% (!) of all market cap is based in the US, mostly due to card networks (Visa, Mastercard) and big platforms like PayPal or Shopify. Explore the art of valuation multiples in the tech sector, from AI to SaaS. 7x. Learn how to choose, apply, and adjust multiples for estimating the value of a fintech startup based on its revenue, earnings, or other metrics. But the fintechs are trading at twice this multiple, almost 20x EV/EBITDA. Valuation Metrics: What Drives Fintech M&A Value Fintech valuation s remain elevated, reflecting the sector’s growth potential and recurring revenue models. Download the Fintech Valuation Multiples 2025 Database for only €49. kz and Block. FinTechs have a hybrid business model, as they operate in the financial (banking) sector deploying their A roundup of fintech fundraises, exits, and product launches in 2023. 1, 2022, and May 5, 2023. hjt1, 32sa, h1z3q, 7vked, bqris, eljr7, d45n, cwqbx, 3rfxj, orrsu,