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Home»Tech News»Let’s get in the weeds about fintech AUM • DailyTech
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Let’s get in the weeds about fintech AUM • DailyTech

September 8, 2022No Comments2 Mins Read
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Let’s get in the weeds about fintech AUM • TechCrunch
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UBS and Wealthfront final week referred to as off a deliberate deal to promote the robo-adviser startup to the monetary large for $1.4 billion. As a substitute, UBS invested $69.7 million within the firm at a valuation that Wealthfront described as $1.4 billion.

In its word discussing the tip of the transaction and its newest fundraise, Wealthfront shared some helpful details about its monetary well being, together with that it’s going to quickly cease consuming money to function.

Why can we care a few transaction that did not consummate? Info. Wealthfront’s notes on its monetary outcomes, crossed with its freshly affirmed valuation and what we all know from exterior sources about its belongings below administration, present an attention-grabbing window into what fintech corporations could also be value at the moment — and which is perhaps overvalued.


The Alternate explores startups, markets and cash.

Learn it each morning on DailyTech+ or get The Alternate e-newsletter each Saturday.


Throughout the 2020-2021 peak of the final enterprise cycle’s startup arc, we noticed fintech corporations driving excessive by way of funding attracted, valuation earned, and, to a associated diploma, client curiosity noticed. However as we have now seen within the outcomes of main buying and selling platforms like Coinbase and Robinhood, there was a softening in demand for investing merchandise amongst customers; given the widely lackluster lilt of the economic system at the moment, this isn’t a staggering shock.

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