Klarna’s valuation crashes to under $7bn in tough funding round(ft.com)

Klarna’s valuation crashes to under $7bn in tough funding round

https://www.ft.com/content/66b65d68-d62e-4aec-a1ad-a7d9e2ba0435

2 comments

Buy now pay never. All of fintech is probably down by roughly 80% from highs: https://equities.fyi/company/plaid

To be fair, equities.fyi seems to label every company as down roughly 80% from highs -- I typed in 10 random private companies I know of, none of them were fintech, and it modeled them all as having similar valuation drops. It's possible that they all are but I wonder if equities.fyi's model is just saying "drop valuation by 80% unless there is a reason to do otherwise." (I do work at Plaid but I am responding mostly in a personal capacity of being someone who's curious about where these numbers come from.)