The article discusses several companies in the fintech space that are reportedly considering going public through an initial public offering (IPO). Some of these companies include:
- Navan: The company has filed confidentially for an IPO at a valuation of $12 billion.
- Brex: Despite having two rounds of layoffs in the past 18 months, the company’s CEO and co-founder Eric Glyman stated that they are "excited to explore the IPO process eventually."
- Ramp: The company raised $300 million at a 28% lower valuation of $5.8 billion last August.
- Rippling: The company secured $500 million in fresh funding last March, but has not made any official statements about an IPO.
The article also mentions several other companies in the fintech space that have been performing well, including:
- Gusto: The company generated revenue of more than $500 million in its most recent fiscal year.
- Deel: The company reached $400 million in annual recurring revenue (ARR) by November 2023.
Additionally, the article mentions several other companies in the fintech space that have been making headlines, including:
- Plaid: A fintech startup that has been involved in various controversies and lawsuits.
- Stripe: A payment processing company that has been expanding its services to include a range of financial products.
- Brex: A spend management company that has been working to reduce its cash burn.
Overall, the article provides an overview of the current state of the fintech industry and highlights several companies that are reportedly considering or have already gone public through an IPO.
