2024: A Year for Potential Fintech IPOs

2024 could be the year of the fintech IPO, as several major companies are considering going public, including Apex, Stripe, Klarna, Lendbuzz, Chime, and Plaid. While some companies, such as Apex and Klarna, have taken steps toward an IPO, others, like Stripe and Chime, have experienced challenges. However, all of them are closely watched for potential public market debuts.

Stripe, once valued at $95 billion, has raised more funds and undergone lay-offs, while Klarna has started restructuring for an IPO after turning a profit. Meanwhile, Lendbuzz is preparing for an IPO that could value it at over $2 billion, and Chime is still eyeing the public markets despite setbacks.

Plaid's appointment of a CFO and president hints at an eventual IPO, while companies like Gusto, Deel, and Rippling in the HR IT sector are also making waves. In the spend management industry, Brex, Ramp, and Navan are striving for market dominance, with Navan having submitted a confidential IPO application with a $12 billion valuation. Despite challenges, these companies are still on the radar for potential IPOs.

With the fintech industry's growth and the potential for lucrative IPOs, 2024 holds promise for significant public market debuts in the financial technology sector. Stay tuned for updates on these potential IPO candidates.