"Fintech's High Flyers: Valuations Plummet as Funding Dwindles by 70%"

The estimated valuations of 11 leading private fintech startups have declined by as much as 79% due to a significant drop in venture capital funding for the industry. New platforms like Caplight and Notice are now providing valuation estimates based on secondary-market trades they track. Despite the declines, some startups have started to recover, with companies like Stripe, Klarna, and Ramp seeing their valuations tick back up. However, valuing companies based on secondary-market data has its limitations and critics, and the market remains uncertain as investors navigate the aftermath of the fintech funding boom and subsequent bust.