They say if you’re going to cut, cut deeply so you only have to do it once. Alas, a growing number of companies are realizing that despite layoffs earlier in the year, they need to cut back more
Why are Klarna and Affirm worth as much as they are, given that they are unprofitable, cash-consuming businesses seemingly unable to generate corporate net income off of consumer lending despite a pre
According to BCG global assets under management are around $100 trillion, but only $715 billion, or less than 1%, goes on what you might term “impact” companies or projects to tackle the w
Blockchain-based games have seen a surge in popularity, but playing them is getting expensive. Play-to-earn games like StepN require players to purchase an NFT before they can participate, while other
A strong dollar makes deals in Europe potentially cheaper for American investors and could make selling abroad more attractive to euro-denominated startups.
The fintech sector has had its ups and downs as of late. And yet, investors remain bullish on the potential value that these startups can bring worldwide.
Which is more reflective of the market today: H1 2022 numbers compared to their year-ago comps or the high-impact repricings seen by Instacart, Klarna and others?
As one of the most richly valued startups in history, is Stripe's internal valuation cut as bearish as the big numbers might lead some to believe?
Tech companies that continue to hold on to their unrealistic 2021 valuations will find it very challenging to finance or sell the company and may risk running out of runway.
New Q2 2022 data from CB Insights and PitchBook lay bare fintech’s retreat.
Stripe is the latest high-profile fintech company to experience a significant valuation cut as the market downturn begins to hit the sector especially hard. Last valued at $95 billion, the payments pr
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Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses are concern
European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as
The investment firm Sequoia Capital has no shortage of internal programs for the founders it backs. The idea is to help its startups not merely by sheer dint of their affiliation with Sequoia but by h
There's perhaps more capital in the private markets than investors really want to admit.
Happy Monday. It’s Independence Day here in the United States, which means that much of TechCrunch is on holiday. But as last week came to a close, several important pieces of data dropped that
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In a normalizing market like this one, once-inflated valuations can become a big problem, particularly for founders, employees and early investors.
In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion — about 1/7 of what the compan