Payments — multiples
Median EV / LTM Revenue across the cohort at each month end, with the 25th–75th percentile band. Membership follows the same tagging as the company counts, so a company tagged into several subsectors is included in each.
Historical median multiple
Payments · Median EV / LTM Revenue
Cross-sectional median multiple over time, with the 25th–75th percentile range shaded.
Current
3.0x
Median
3.2x
Min
2.0x
Max
4.9x
Latest point 2026-08-04: median 3.0x across 11 companies.
Other subsectors in Fintech
Banking & Lending Technology
Digital banking platforms; banking-as-a-service; core banking technology; lending platforms; credit decisioning; embedded finance.
4
B2B Fintech & Treasury
AP/AR automation; spend management; corporate cards; treasury management; cash/FX platforms; invoicing & billing.
0
Wealthtech & Capital-Markets Technology
Digital brokerage; robo-advice; portfolio technology; wealth-management platforms; market-access technology.
1
Insurtech
Digital insurance distribution; insurance software; underwriting/pricing technology; claims technology.
0
Crypto & Blockchain
Exchanges and brokers; custody; blockchain infrastructure; stablecoin/payments infrastructure; tokenization platforms.
1
Financial Data & Identity Infrastructure
Open banking; credit data; KYC/AML; financial data APIs; compliance technology.
0