Payments, Wallets & Frictionless Commerce

The latest upswing of investor interest in fintech companies has been driven in no small part by the long-awaited public listing of Coinbase (Nasdaq: COIN) on April 14. The closing share price on April 23 was above $290, over eight times its secondary market valuation just a year ago, which had remained relatively flat since the last funding round in 2018, which had priced the stock at $36/share. This 800% gain seems in turn to be closely linked to the remarkable rise in the value of bitcoin recently, which itself has also seen an eight-fold increase over the last twelve months.