Musings on Markets

JANUARY 11, 2024

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

Corporate Finance 128

Corporate Finance Valuation Finance Investments 128

CFO News Room

DECEMBER 22, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. Just as a note of warning, this is my quirky version of accounting, and I don’t follow the accounting script in this class.

Marketing 130

Marketing Corporate Finance Valuation Finance 130

CFO Network

SEPTEMBER 2, 2021

But did you know that business valuation can give you more insight into your business than just the economic value? Keep reading to learn more about why business valuation is such an important process for every business. Business valuation is the best way to get proof of how well your business is doing year to year.

Valuation 52

Valuation Benchmarking Economics Planning 52

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? News about Chime ’s latest funding round might give pause when comparing the tech-savvy upstart’s valuation against some traditional banking players. billion, as CNBC reported. With the $14.5

Valuation 92

Valuation Banking Startups Economics 92

CFO News Room

JANUARY 25, 2023

For much of the last two years, rather than teach my classes in a classroom, I taught my classes from my home office, making a few low-cost, low-tech investments to improve my set up. My classroom teaching at Stern has been mostly corporate finance and valuation, to both MBAs and undergraduates.

Marketing 130

Marketing Corporate Finance Valuation Finance 130

PYMNTS

DECEMBER 3, 2020

million customers, including over 60,000 business users, and over 100,000 in its paid-for current accounts Monzo Plus and Monzo Premium, according to the report. The company's valuation after this funding round is now 1.2 The company also now has over 4.8 billion pounds ($1.6

Valuation 72

Valuation Economics Banking Accounting 72

Musings on Markets

OCTOBER 12, 2023

In response, I have been told that the problem is not with the idea of ESG, but in its measurement and application, and that impact investing is the solution to both market and society's problems. It is human nature to want to make the world a better place, but does impact investing have the impact that it aims to create?

Investments 82

Investments Marketing Accounting Numbers 82

Musings on Markets

AUGUST 2, 2021

Just over a week ago, I valued Zomato ahead of its market debut, and as with almost every valuation that I do on this forum, I heard from many of you. The Prelude After I posted my valuation last week, I did find some of the portrayals of my post to be a little unsettling. Let me dispel both delusions.

Valuation 52

Valuation Numbers Investments Marketing 52

Creative CFP

MARCH 5, 2021

The purpose of a Business Valuation While most can only dream of selling their business for that amount of money, it is important to know how one goes about valuing a business, no matter what the size. A valuation may be required for periodic reporting (i.e. How do we value a business?

Valuation 52

Valuation Forecasting CFO Construction 52

CFO News Room

NOVEMBER 16, 2022

In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers. As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation.

Marketing 130

Marketing Valuation Advertising Numbers 130

Creative CFP

MARCH 5, 2021

The purpose of a Business Valuation While most can only dream of selling their business for that amount of money, it is important to know how one goes about valuing a business, no matter what the size. A valuation may be required for periodic reporting (i.e. In South Africa more than 70% of SMEs fail within their first 5 years.

Valuation 52

Valuation Forecasting CFO Construction 52

PYMNTS

APRIL 8, 2019

digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in Britain. This week, we’re excited to announce that we’re launching a small test of business accounts to 100 sole traders and limited companies!” million customers.

Valuation 47

Valuation Banking Investments Startups 47

PYMNTS

DECEMBER 9, 2019

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. billion valuation led by PayPal Co-founder Peter Thiel and Mastercard. 9), citing sources. This latest fundraising could top $300 million.

Valuation 52

Valuation Accounts Payable Invoicing Accounting 52

PYMNTS

DECEMBER 5, 2019

Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 The funding, led by DST Global, is the largest individual equity investment for a challenger bank, surpassing NuBank’s $400 million, which was also led by DST Global, according to CB Insights. 5), citing sources.

Valuation 57

Valuation Banking Startups Accounting 57

PYMNTS

MARCH 5, 2019

now has a valuation of $1.5 According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. billion valuation, with DST leading the round. billion valuation.

Valuation 46

Valuation Leadership Startups Banking 46

PYMNTS

SEPTEMBER 19, 2019

FinTech Stripe is raising $250 million in its latest funding round and has reached a pre-money valuation of $35 billion, according to a release on Thursday (Sept. It also added the ability for instant payouts to all Stripe accounts in the U.S. General Catalyst, Sequoia and Andreessen Horowitz all participated in the round.

Valuation 73

Valuation Treasury Investments Economics 73

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? News about Chime ’s latest funding round might give pause when comparing the tech-savvy upstart’s valuation against some traditional banking players. billion, as CNBC reported. With the $14.5

Valuation 56

Valuation Banking Startups Economics 56

PYMNTS

MAY 29, 2019

Robinhood Markets , the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC , citing two people familiar with the deal, reported Robinhood has raised a minimum of $200 million in a recent late-stage fundraising round that will give it a valuation of between $7 billion and $8 billion.

Valuation 63

Valuation Cash Management Currencies Banking 63

PYMNTS

JUNE 11, 2019

Brex, the credit card startup, announced Tuesday (June 11) it raised $100 million in venture funding, giving the company a valuation of $2.6 The funding comes a few months after Brex raised $125 million, giving it a valuation of $1.1 Brex extends credit to startups based on the amount of money in their corporate bank accounts.

Valuation 65

Valuation Startups eCommerce Investments 65

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

Corporate Finance 89

Corporate Finance Valuation Finance Financial Analysis 89

PYMNTS

JULY 29, 2020

The company recently announced it has received approval from the Financial Conduct Authority, a financial regulatory body in the United Kingdom, to offer savings and investments options in the U.K. through the TransferWise borderless account, with the new product set to launch within a year. In May, PYMNTS reported Xero ?,

Valuation 65

Valuation Startups Sales Investments 65

PYMNTS

SEPTEMBER 24, 2020

The investment and its associated valuation put the company's total value in excess of $1.2 Greenlight said in Thursday’s announcement that children have saved more than $50 million through their Greenlight accounts. 24) it raised $215 million in Series C venture funding. billion, according to a company blog post.

Valuation 56

Valuation Leadership Investments Technology 56

PYMNTS

SEPTEMBER 20, 2019

You’d be forgiven for thinking that the WeWork IPO – rather, the shelving of that IPO , at least for now – heralds the end of rich valuations for firms viewed as entrenched in the early stages of disruption. Stripe has said it has millions of businesses in its roster, accounting for hundreds of billions of dollars a year in processing volume.

Valuation 49

Valuation Profit and Loss Compliance Forecasting 49

PYMNTS

JANUARY 17, 2021

UBS Group might be investing $400 million in India’s Paytm , which is owned by Ant Group , according to a report from Tech in Asia. I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending,” Sharma said, according to the report. That round was led by U.S.-based

Investments 70

Investments Valuation Startups Accounting 70

PYMNTS

JULY 6, 2020

With a rally in shares, Square ‘s valuation is approaching the level of some of the biggest U.S. On Monday (June 6), Square stocks soared 13 percent after an analyst suggested the firm could eventually claim as much as 20 percent of direct deposit accounts in the U.S., banks, Bloomberg reports. Bloomberg reported.

Valuation 60

Valuation Banking Startups Accounting 60

Musings on Markets

FEBRUARY 8, 2024

That bias notwithstanding, these seven companies have been extraordinary investments, not just in 2023, but over the last decade, and there are lessons that we can learn from looking at the past. First, let's look at the performance of these seven stocks in 2023, when their collective market capitalization increased by a staggering $5.1

Marketing 115

Marketing Valuation Profit and Loss Advertising 115

PYMNTS

SEPTEMBER 19, 2018

A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. The funding, which also saw Accel participate, followed only a few months after the company raised $153 million, pulling UiPath’s valuation up to $1 billion.

Valuation 57

Valuation Accounts Payable Reconciliations Startups 57

PYMNTS

JANUARY 30, 2020

The Commonwealth Bank of Australia (CBA) has invested $200 million in the Swedish FinTech unicorn Klarna , the buy now, pay later service for shoppers, both companies announced on Thursday (Jan. CBA gave Klarna an initial investment of $100 million in August. This new funding is at the same valuation — $5.5 percent stake. .

Investments 60

Investments Valuation Advertising Banking 60

CFA Institute

JANUARY 11, 2019

Intangible assets are increasingly critical to corporate value, and new valuation methods need to be deployed to accurately calculate their worth.

Valuation 63

Valuation Performance Measuring Financial Analysis Economics 63

Future CFO

AUGUST 12, 2021

Global fintech investment reached US$98 billion across 2,456 deals in the first half of 202 — outpacing last year’s annual total of $121.5 M&A deals continued at a healthy pace, accounting for $40.7 M&A deals continued at a healthy pace, accounting for $40.7 billion of investment globally. After falling to $4.7

Investments 40

Investments Valuation B2B Startups 40

PYMNTS

JUNE 25, 2019

Monzo , a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2 billion at the early outset of its expansion into the U.S. Monzo’s major offering to customers is fully-digital banking services; users can open and manage their accounts entirely via a smartphone app.

Valuation 43

Valuation Banking Investments Accounting 43

Barry Ritholtz

APRIL 7, 2023

Wall Street Journal ) • How Models Get the Economy Wrong : Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality. His textbook “ Investment Valuation ” is the standard in the field. class nine times.

Valuation 116

Valuation Corporate Finance Advertising Finance 116

PYMNTS

SEPTEMBER 16, 2019

16) that it has received strategic investments from Mastercard and Visa. The investments were part of a previously disclosed $250 million Series C funding round that took place last year. The total to date, according to Plaid, comes to $310 million, with an implied valuation of $2.6

Investments 56

Investments Valuation Financial Systems Financial Data 56

PYMNTS

MARCH 20, 2019

Opendoor , the startup that operates an online platform for buying and selling homes, has raised $300 million, giving it a valuation of $3.8 According to a report , it was previously expected the startup would raise $200 million with a valuation of $3.7 The latest fundraising round included General Atlantic, a previous investor.

Valuation 46

Valuation Startups Sales Finance 46

PYMNTS

JUNE 7, 2019

Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. The integrations enable cardholders to automatically connect transactions from their Brex cards into their accounting and expense management solutions. “Today’s product announcement combines those two investments.”

Accounting 47

Accounting Valuation Startups Accounting Firms 47

PYMNTS

FEBRUARY 12, 2019

DoorDash, the food delivery startup, is gearing up to raise about $500 million, giving the company a valuation of higher than $6 billion. the Singapore state investment firm, is expected to lead the capital raise. the Singapore state investment firm, is expected to lead the capital raise. Temasek Holdings Pte.,

Valuation 51

Valuation Startups Investments Retail 51

PYMNTS

APRIL 3, 2019

Musk replied back with a Yahoo email account address so Dogecoin could contact him, but that tweet has since been deleted. In other news, Liquid.com has become the latest crypto unicorn after closing a Series C investment round from Bitmain and IDG Capital , reaching a valuation of over $1 billion.

Valuation 59

Valuation Securities Profit and Loss Investments 59