Open Banking Tech Platform Valuations at All Time High as Investors Eye Future Opportunities

November 19, 2021

Open_Banking_Tech
Open banking technology platforms exhibit double and triple-digit revenue growth (figure 1)
These platforms showcase triple-digit revenue multiples: Truelayer, Railsbank and Tink have valuations of more than 100x revenue (figure 2) High M&A and funding activity drives growth and valuation, and the cards schemes are also in the game (figure 2) Data aggregation and payments are the most common use cases, followed by personal finance, credit scoring, and business management (figure 3) Open banking platform services largely address banks and select verticals such as iGaming, insurance, and property management today. Payments and credit scoring are the most applied services across many verticals (figure 4)

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Okcoin is one of the world’s largest and fastest growing cryptocurrency exchanges. We help millions of people buy and sell bitcoin, ethereum, miamicoin and many other crypto assets every day — but our work is a whole lot more than that: we’re building an inclusive future of finance. A future that opens new opportunities to learn financial literacy, store value, and build wealth for everyone. Ready to help the next billion people experience the future of finance with us? Come on board. We have offices in San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea. From AVAX to BTC to STX, Okcoin supports a variety of crypto and digital assets. And more coming soon! Customer support Whether you’re an experienced trader or brand new to bitcoin, our Customer Support team is here to help. For answers and feedback, email us at support@okcoin.com. 24/7 support is available in English and Mandarin.

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