Stripe is the latest fintech to falter, taking a 28% internal valuation cut
TechCrunch
JULY 14, 2022
Stripe is the latest high-profile fintech company to take a massive valuation cut as the market downturn begins to hit the sector especially hard. The Journal reports that the valuation cut comes from a 409A price change, which means that Stripe hasn’t decreased the value of preferred shares sold in the last round.
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