In recent years, payments companies have been some of the most valuable on Wall Street. Many of these companies have recently become publicly traded and are technology driven. For example, PayPal was founded in 1998, went public in July, and is already almost as valuable as the collective 32 NFL teams ($41 billion versus $45 billion, respectively). MasterCard and Visa went from membership organizations to publicly traded companies in 2006 and 2007, respectively; since that time, their value has increased drastically. While the members of the payments value chain might not get the press like sports teams do, they are what drives the economy, and the valuations reflect that.
Recent Posts
- Amex Debuts Checking Account
- Unit raises $51M in Accel-led Series B to grow its banking-as-a-service platform
- Digital payments company Wise to go public on LSE via a direct listing
- Dutch Payment Platform Ayden Granted US Branch License
- Stripe goes beyond payments with Stripe Identity to provide AI-based ID Verification for transactions and much more
- DNA Payments Raises £100 Million to Accelerate Growth and Make New Acquisitions
- TransactionWatch – Week of June 7th – June 11th
- Amazon Fields Card Portfolio Bids
- Payments firm Klarna’s valuation rises to $46 billion after fundraising
- Marqeta prices IPO above range, valuing startup at $15 bln