It turns out fintech is worth as much as SaaS
TechCrunch
SEPTEMBER 23, 2021
At $43 per share, Remitly is valued less like a fintech company with gross margins in the 50% to 60% range and more like a middle-tier public SaaS firm, flush with recurring revenues and net-dollar retention north of 100%. It’s just perhaps even better than that for fintech upstarts.
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