What are neobanks worth? That’s a question on many people’s minds, especially the investors and employees of the richly valued fintechs that have been waiting for IPOs to make a comeback.
Overall, neobanks mostly seem to be doing OK, especially those across the pond. But new data from a venture capital firm indicates that at least some investors are still sorting out how to value them: U.K.-based Revolut saw its valuation being reduced earlier this year, and the company is once again in the headlines for reasons that it won’t like. One of Revolut’s backers, Molten Ventures recently reported Read Entire Article
