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Fintech Fundraising Is Giving Me 2021 Flashbacks
Welcome to TechCrunch Fintech! This week we’re looking at some big valuation jumps, how Stripe is eyeing another shareholder sale, a colorful conversation with an early-stage VC, and more!
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The big story
Last week was a good one when it came to funding for fintech startups. Riyadh-based Tabby became the most valuable fintech in MENA after securing $160 million in a Series E round at a $3.3 billion valuation as it expands beyond buy now, pay later. That’s double the $1.5 billion it was valued at just 18 months ago.
This is not an isolated incident. In fact, it’s giving me major flashbacks to 2021 when fintech saw unprecedented growth and valuations soared. It seems like we’re headed back in that direction again.
India’s largest digital bank, Paytm Payments Bank, has raised $1 billion from existing investors at a valuation of around $20 billion, according to multiple sources familiar with the matter.
Source: techcrunch.com
