FinTechs Pause IPOs Amid Valuation Scrutiny

FinTech companies have slowed or reassessed IPO plans in recent days as public-market valuation scrutiny intensifies, citing examples like PhonePe, Kraken and Clear Street. The article notes investors favor models with predictable, recurring revenue and highlights private funding for infrastructure and AI — Spade ($40M), Obin AI ($7M) and Float Financial ($73M). Companies are prioritizing profitability and stability before pursuing public listings.