Wow why did it go for so much less than the last valuation? Is the overall market turning bad or is it just a Brex thing?

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pm90 7 hours ago | parent [-]

Investors will only invest in AI plays. They don’t seem to care for fintech.

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jgalt212 2 hours ago | parent | next [-]

Probably true, but our fintech still gets tons of unsolicited emails from growth equity shops. I don't respond because as you mentioned this sector is out of favor, and as such the multiples are not worth my time.

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KellyCriterion an hour ago | parent | prev [-]

...and Blockchain!

	▲	PlatoIsADisease an hour ago \| parent [-]
		Was this ever a thing? I know individual investors get pretty crazy for blockchain, but I don't recall any major companies doing big investments. At most, I was asked about it briefly, explained what the usecases were, and it never came up again.