Equity The fintech funding market is not dead
Jun 21, 2022
Stocks are on the rise globally, but the crypto market remains quiet after recent turmoil. Musk is making headlines with his global ventures and ongoing Twitter negotiations. In the startup world, LeadSquared becomes a notable unicorn with significant funding, while Stashfin secures a massive $270 million round amidst fintech market challenges. Interestingly, the NFT sector sees growth with Magic Eden's substantial funding, hinting at a silver lining for speculative investments despite the fintech slowdown.
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LeadSquared's Unicorn Status
- LeadSquared, a sales CRM platform, recently became a unicorn after 11 years.
- Despite doubling revenue to $25.6M in the last financial year, its slow growth raises questions.
Platform.sh's Successful Funding
- Platform.sh raised a $140 million Series D, demonstrating that impressive growth attracts funding.
- With a 50% YoY increase in ARR, they secured substantial funding despite market conditions.
Fintech Funding Landscape
- Fintech valuations are down, but Stashfin raised $270M, indicating funding is still available.
- NFT marketplace Magic Eden's $130M Series B suggests speculative fintech investments remain attractive.