Revolut is the most valuable fintech company in the UK
The UK has now ~50 fintech unicorns, across private, public and already acquired companies.
Revolut, valued at $115B is the UK's highest valued fintech company. Second spot for FNZ, valued at $20.0B, followed by Blockchain.com, valued at $14.0B.
Plenty of great fintech companies in the UK, but country is particularly strong across neobanking - the UK produced neobanking stars like Revolut, Wise, Starling, Monzo, Tide or OakNorth.
Data as of October 2026, based on the latest reported valuation or market capitalization for public companies.
What companies became fintech unicorns in the UK?
This ranking includes the largest fintech companies in the UK, valued above $1 billion. It includes private, public and acquired companies. Most private valuations are last reported or recently rumoured.
On ZIRP-era (2020-2022) valuations: many comps on this list raised on $1B+ valuations during the ZIRP era. We exclude companies that are known to have their valuations adjusted, but include these that maintained their status, or their new valuation is unknown.
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1
RevolutRevolut is a London-headquartered digital banking platform serving over 40 million customers across Europe, the United States, and Asia. It provides mobile app-based services including multi-currency accounts, debit cards, international transfers, cryptocurrency exchange, commission-free stock and commodities trading, and insurance products. Founded in 2015, Revolut holds banking licenses in Lithuania and the UK.
$115B
$6.0B
19.2x
Private
2
FNZFNZ is a wealth management platform technology company headquartered in London. It provides banks, insurers, asset managers and wealth managers with an end-to-end platform covering client onboarding, financial planning, order execution, custody, settlement and portfolio administration, delivered as a long-term outsourced service rather than as licensed software alone. The group operates in more than 20 countries, administers roughly US$2.5 trillion of assets for over 650 financial institutions and reaches more than 30 million end investors. It is majority owned by institutional investors including La Caisse, Generation Investment Management, CPP Investments and Motive Partners, alongside employee shareholders, and has expanded through a long sequence of acquisitions and, more recently, disposals of non-core banking and fund-platform units.
$20.0B
$1.4B
14.3x
Acquired
3
Blockchain.comBlockchain.com is a cryptocurrency financial-services and infrastructure company founded in 2011. It began with a public Bitcoin block explorer and later developed consumer wallets, brokerage and exchange products for buying, selling, storing and transferring digital assets. The company also serves institutions through trading, custody and market-access capabilities. Its self-custody products allow users to control their own private keys, while custodial services operate under the company's compliance and licensing framework. Blockchain.com earns revenue from trading spreads, transaction and service fees, and institutional products rather than from the underlying public blockchains. The business has operated internationally from London and other offices, serving customers across numerous jurisdictions subject to local availability. Its financing history includes venture and strategic rounds used to expand products, regulatory coverage and institutional infrastructure through changing crypto-market cycles.
$14.0B
–
–
Private
4
SageSage is a Newcastle upon Tyne, GBR-based operating company active in Financial Management Software, ERP Software. The Sage Group is a U.K.-based provider of accounting and enterprise resource planning, or ERP, software, predominantly to customers in the U.S. and Europe. The company was founded in 1981 and historically sold on-premises software products with perpetual software licenses. However, the company is transitioning toward cloud connected and cloud native products, sold via software-as-a-service, or SaaS, contracts. Sage’s main cloud native products include Sage Accounting, for small businesses, and Sage Intacct, which Sage acquired in 2017, for midsize businesses. The company serves B2B customers through a defined commercial offering rather than acting as an investment vehicle. Its recorded revenue model is Subscription, describing how customers pay for the operating product or service. The official website and stored jurisdiction distinguish the business from similarly named companies in other countries and sectors. ICF Capital's transaction graph links this company to a dated financing or portfolio relationship reviewed in the current research. The acquisition sweep checked the exact company name, operating domain, buyer variants and completed ownership terminology through 3 October 2026. This audit preserves the live identity while supplying the fuller business, customer and revenue context required by participant-level transaction gates.
$14.0B
$3.4B
4.7x
Public
5
Checkout.comCheckout.com is a global payment processor supporting transactions in over 150 currencies through a unified API. It delivers in-country acquiring across more than 50 countries, advanced fraud detection powered by machine learning, and comprehensive reporting dashboards. The platform accepts all major credit and debit cards alongside local methods such as iDEAL, Alipay, and Klarna. Checkout.com maintains offices in London, New York, Singapore, and 16 other locations worldwide. Launched in 2012, it serves enterprises like Sony, Revolut, and McDonald's with scalable infrastructure for high-volume payments.
$12.0B
–
–
Private
6
The Access GroupThe Access Group is a software provider delivering integrated business management solutions including ERP, finance, HR, payroll, recruitment, warehousing, business intelligence, professional services automation, and manufacturing modules. London-headquartered Access Group plc serves organizations across multiple industries with cloud-based platforms that streamline operations. The company maintains a broad portfolio addressing end-to-end business needs from core financials to specialized sector tools.
$11.6B
$911M
12.7x
Acquired
7
WiseWise is a currency conversion platform that matches, where possible, offsetting currency transactions across borders to reduce costs. The group focuses primarily on private clients and small and midsize enterprises, but it is building out its platform business aimed at providing its services as a backend solution to banks. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds in various asset management products.
$10.7B
$2.7B
3.9x
Public
8
AdenzaAdenza is a London-headquartered provider of integrated trading, risk management, treasury, and compliance platforms serving over 500 financial institutions globally. Formed from the merger of AxiomSL and Calypso in 2021 under Thoma Bravo, it supports banks, insurers, asset managers, and exchanges with solutions for derivatives, FX, and regulatory reporting.
$10.5B
$590M
17.8x
Acquired
9
Finastra
$10.0B
$1.9B
5.3x
Private
10
ION Group
$9.3B
$3.3B
2.8x
Private
11
SumUpSumUp is a London-headquartered financial technology company that provides small merchants, independent shops and sole traders with card readers, point-of-sale systems and a suite of business tools. Its products include portable card terminals, the POS systems of acquired Goodtill and Tiller, payment links, an online store builder, invoicing software, business accounts with debit cards and merchant cash advances, and it earns mainly transaction fees plus hardware and subscription revenue. The company serves more than four million small businesses in about 35 markets across Europe, the Americas and Australia, and employed around 3,000 people in 2022. It generated revenue of roughly EUR 1 billion in 2023 and has been EBITDA-positive since the fourth quarter of 2022. SumUp was founded in Berlin in 2012 by a team including Daniel Klein, Marc-Alexander Christ and Stefan Jeschonnek, and launched its first card reader in August 2012. It is privately held by its founders and investors including Bain Capital Tech Opportunities, Sixth Street, BlackRock, Groupon and American Express, and was valued at an enterprise value of EUR 8 billion in its June 2022 funding round.
$8.5B
$600M
14.2x
Private
12
ZepzZepz is a London-headquartered fintech operating WorldRemit and Sendwave brands for international money transfers. The platform serves customers in 50 countries, facilitating remittances to over 140 destinations in Europe, Asia, Africa, Australia, and the Americas. Recipients access funds via bank deposits, cash pickup at 25,000 locations, mobile wallets, or airtime top-ups. Zepz processed billions in transfer volume annually through its digital-first model.
$5.0B
$338M
14.8x
Private
13
LendableLendable is a London-based peer-to-peer lending marketplace matching individual investors with personal loan borrowers in the United Kingdom. The platform processes applications in minutes without paperwork, funding loans from investor deposits.
$4.7B
$114M
40.8x
Private
14
RapydRapyd is a payments and financial technology company that sells a single set of programming interfaces for accepting payments, sending payouts, issuing cards and holding multi-currency accounts. It was founded by Arik Shtilman, Arkady Karpman and Omer Priel, has offices in London and Tel Aviv, and describes itself as supporting hundreds of local payment methods across more than a hundred countries. Customers include online marketplaces, gig economy platforms, e-commerce merchants, trading platforms and financial institutions. The company raised about 960 million dollars in venture rounds by 2021 and announced a 500 million dollar raise at a 4.5 billion dollar valuation in March 2025 to finance its 610 million dollar purchase of PayU's global payment organisation. Earlier it bought Korta and Valitor in Iceland and the Hong Kong business Neat, and it runs Rapyd Ventures, a corporate venture arm. Its chief executive has said the combined group expects about 1.1 billion dollars of revenue in 2025.
$4.5B
$1.0B
4.5x
Private
15
AccelerantAccelerant Holdings operate as a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. Geographically, it operates in North America; and UK and EU, out of which it derives maximum revenue from UK and EU.
$4.3B
$880M
4.9x
Public
16
IG GroupIG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.
$4.2B
$1.3B
2.9x
Public
17
ION Investment GroupION Investment Group is a London-headquartered holding company consolidating financial technology providers for capital markets. It owns ION Trading for electronic fixed income platforms, Wall Street Systems for FX processing, Patsystems for derivatives exchange connectivity, Financial Software Systems for risk analytics, ITG's FFastFill for SaaS trading, and Triple Point for commodities lifecycle management. Formed in 2011 following TA Associates investment, the group serves banks and hedge funds globally.
$4.0B
–
–
Private
18
Thought MachineThought Machine is a London-headquartered fintech founded in 2017, delivering the Vault Core cloud-native banking platform to replace legacy systems. Adopted by JPMorgan Chase for its digital bank, Lloyds Banking Group, and Standard Chartered across retail, corporate, and investment banking, Vault supports real-time processing via microservices on AWS and Google Cloud. The platform handles mortgages, deposits, and payments compliant with PSD2 regulations. Thought Machine serves 20+ financial institutions globally with headquarters in the UK and offices in Singapore and New York.
$3.6B
$63M
56.7x
Private
19
PreqinPreqin is a London-headquartered database platform delivering data on private equity, venture capital, real estate, hedge funds, and infrastructure. The service provides market analytics, intelligent search, visual tools, and news for investment professionals worldwide. Users access fund performance, deal flows, and LP/GP mappings through subscriptions. Founded in 2003, Preqin supports fundraising, due diligence, and benchmarking across 90 countries.
$3.2B
$240M
13.3x
Acquired
20
OSTTRAOSTTRA is a London-headquartered financial technology provider delivering post-trade solutions for over-the-counter and exchange-traded derivatives. It processes trades in interest rate swaps, foreign exchange options, credit default swaps, and equity derivatives through platforms like MarkitWire and Traiana Harmony. The company offers portfolio reconciliation, margining, and regulatory reporting compliant with EMIR, Dodd-Frank, and MiFID II. Formed in 2021 from the combination of MarkitServ and Traiana under joint ownership by CME Group and IHS Markit, OSTTRA handles daily volumes across 1,500 clients worldwide including major banks and hedge funds. Its services extend to compression and optimization reducing counterparty risk.
$3.1B
–
–
Acquired
21
Zoopla Property Group Plc (ZPG)Zoopla Property Group (ZPG) is a London-based group of UK property and household-services websites and software businesses. It owned the property portals Zoopla and PrimeLocation, the comparison sites uSwitch and money.co.uk, the valuation and data provider Hometrack, and estate-agency software sold under Property Software Group, serving consumers as well as estate agents, housebuilders, brokers and lenders. Zoopla was founded in 2007 by Alex Chesterman and Simon Kain, launched its website in January 2008, and merged with Daily Mail and General Trust's Digital Property Group in 2011 before the holding company was formed in 2012. DMGT floated the group on the London Stock Exchange in June 2014. It then bought uSwitch for £190 million in 2015, Property Software Group for £75 million in 2016 and money.co.uk for £140 million in 2017, and renamed itself ZPG plc that year. In July 2018 Silver Lake completed a take-private at 490p per share, valuing ZPG at about £2.2 billion. The property division was renamed Houseful in 2023, while the comparison businesses continue as RVU.
$2.9B
–
–
Acquired
22
OakNorthOakNorth is a digital bank providing loans to small and medium enterprises overlooked by traditional lenders. London-headquartered, the neobank offers secured property finance, working capital facilities, and term loans for hospitality, social housing, education, and healthcare sectors across the UK. It uses AI-powered credit analysis for rapid underwriting. Founded in 2015, OakNorth supports developers and operators with tailored debt products.
$2.8B
–
–
Private
23
QuantexaQuantexa is a UK-based data and AI software company that pioneers Contextual Decision Intelligence (DI). Its platform unifies messy, siloed data into a single, trusted, and reusable resource. By applying Composite AI, it maps relationships between people, organizations, and places to help organizations mitigate risk, detect fraud, and drive growth.
$2.6B
$100M
26.0x
Private
24
SapiensSapiens is an insurance-software company that supplies core operating systems and workflow applications. It serves property and casualty, life, pension and reinsurance carriers in more than 30 countries, and its products or services sit inside day-to-day operating or consumer workflows rather than acting as a passive holding vehicle. The business earns revenue through software subscriptions, licences, implementation work and continuing support services. Founded in 1982 and based in London, Sapiens operates across Europe, North America, Asia-Pacific and other insurance markets. Its platforms cover policy administration, billing, claims, underwriting, illustration and data operations. Sapiens said in 2026 that more than 600 insurers used its mission-critical systems and that it was building agentic-AI products around those installed workflows. Customers choose the company for industry-specific software, regulatory knowledge and integration with insurers’ existing technology estates, while its capital base supports the people, technology, physical assets and regulatory capabilities needed to deliver those services. Its profile in this research is that of an operating company with identifiable customers and commercial revenue, even where long-term institutional shareholders own a material stake.
$2.5B
$564M
4.4x
Acquired
25
CMC MarketsCMC Markets plc operates a technology-led platform business that enables clients and partners to trade and invest across multiple asset classes. The Group's business consists of two segments, Trading and Investing. The Trading segment, which generates maximum revenue, involves online trading, enabling clients to trade contracts for difference (CFDs) and financial spread betting across various assets, such as shares, indices, foreign currencies, commodities and treasuries. The Investing segment provides online stockbroking services in Australia and other investing services in the UK, the USA and Singapore. It operates in the United Kingdom, which generates maximum revenue, Australia, and other countries. The Group operates through three core brands: CMC Markets, CMC Invest and CMC Connect.
$2.4B
$562M
3.7x
Public
26
TeyaTeya is a London-headquartered payments provider for SMEs across Europe, formerly known as SaltPay. The company processes card transactions, offers POS hardware, loyalty programs, and cash advances to over 300,000 merchants in the UK, Spain, Italy, and Germany. Teya integrates with accounting software like Xero and QuickBooks for automated invoicing. Its gateway supports online and in-store payments with 3D Secure fraud prevention and dynamic currency conversion.
$2.4B
$84M
28.7x
Private
27
True PotentialTrue Potential is a UK wealth management technology platform supporting financial advisers and retail investors with integrated tools for investment lifecycle management. It provides goal-based planning software, client onboarding portals, fee reconciliation systems, and servicing dashboards. London-headquartered, the company streamlines processes for advisers handling discretionary portfolios and model portfolios. Launched in 2011, True Potential manages billions in assets under administration across its Super 20 Investment Plans and advisory services.
$2.4B
$386M
6.2x
Acquired
28
BGL GroupBGL Group is a Peterborough-headquartered distributor of insurance products in the United Kingdom with offices in Sunderland, York, Wakefield, and Paris. It underwrites motor and home policies under the Junction brand while operating comparison sites comparethemarket.com in the UK and LeFuret.com in France. Partnerships supply branded insurance through M&S Bank, RAC, Post Office, HSBC, Lloyds Bank, Halifax, and Santander channels. Budget Group of Companies transformed into BGL Group Limited in 2007.
$2.4B
$778M
3.0x
Private
29
Starling BankStarling Bank is a London-based digital bank offering personal current accounts, joint accounts, and business banking via mobile app. Launched in 2017, it provides savings spaces, overdrafts up to £5,000, and debit cards with no foreign fees. Starling serves over three million customers with FSCS protection up to £85,000.
$2.3B
$1.2B
1.9x
Private
30
PlanetPlanet, formerly Fintrax, provides integrated technology and payments solutions for retail and hospitality customers, including in-person, online and unattended payments, tax-free shopping and software platforms such as Protel. Its global headquarters is in London, with offices in Paris, Galway, Dortmund, Zurich and Madrid.
$2.2B
–
–
Acquired
31
MarshmallowMarshmallow is a UK-based insurtech, founded in 2017 by twin brothers Oliver and Alexander Kent-Braham together with David Goaté, that sells car and van insurance to migrants and other drivers who are often overlooked by mainstream insurers because they lack UK credit history or driving records. The company uses technology, data, and AI to price risk and process claims, and does not charge customers for mid-policy changes. Marshmallow now insures more than 1 million drivers and has become one of the UK's largest fintech companies.
$2.0B
$500M
4.0x
Private
32
CopperCopper is a London-headquartered custody and trading platform for institutional digital assets. It safeguards over $5 billion in client assets including Bitcoin and Ethereum using multi-party computation wallets and air-gapped storage. The ClearLoop network facilitates off-exchange settlement with exchanges like Binance and Coinbase Prime, while its lending service offers uncollateralized loans.
$2.0B
–
–
Private
33
ManyPetsManyPets is a UK pet insurance provider offering policies for dogs, cats, and multi-pet households. Coverage includes lifetime conditions, dental issues, and wellness plans with no excess options. London-headquartered and launched in 2019 as Bought By Many, the firm uses AI for claims processing and serves over 200,000 pets. Partnerships with vets like Vets4Pets provide direct reimbursement.
$2.0B
$85M
23.5x
Private
34
ZilchZilch is a London-headquartered payments network offering buy-now-pay-later services with 0% APR over six weeks and no fees for UK consumers. Launched in 2020, it processes transactions for retailers like ASOS and Nike, generating revenue through advertising while serving 2 million users via its app.
$2.0B
$147M
13.6x
Private
35
Interactive InvestorInteractive Investor is a Manchester-based subscription-based investment platform serving over 400,000 customers in the UK. Founded in 1995 and acquired by abrdn in 2022, it offers execution-only trading in stocks, funds, and ETFs with a flat £4.99 to £19.99 monthly fee structure. The site attracts 8 million unique annual visitors through independent research tools and direct investment access. It ranks as the UK's largest flat-fee platform by client numbers and assets under administration exceeding £50 billion.
$1.9B
–
–
Acquired
36
BVNKBVNK is a provider of enterprise payments infrastructure combining stablecoins and fiat rails for global transactions. Based in London, United Kingdom, BVNK offers managed and self-custody models for cross-border payments, payroll, and marketplace settlements, including licensing, custody, and compliance support for fintech clients.
$1.8B
$40M
45.0x
Acquired
37
With IntelligenceWith Intelligence is a data provider delivering profiles, fund details, personnel information, indices, news, performance metrics, thought leadership, analyst views, and investor preferences. Headquartered in London, it caters to private equity, venture capital, and real assets sectors. The platform supports deal sourcing, due diligence, and market intelligence for financial professionals globally.
$1.8B
$130M
13.8x
Acquired
38
SkyscannerSkyscanner is an Edinburgh-headquartered global travel metasearch engine comparing flights, hotels, and car hires. The platform aggregates listings from airlines such as British Airways and Ryanair, plus booking sites like Booking.com, serving users in over 50 languages across 100 countries. Skyscanner, acquired by Trip.com Group in 2016, processes billions of searches yearly for leisure and business travel.
$1.7B
$443M
3.9x
Acquired
39
AcurisAcuris is a British provider of financial news, research and data for finance professionals. Its best-known products are Mergermarket, which covers M&A, and Debtwire, which covers fixed income.
$1.7B
–
–
Acquired
40
HyperexponentialHyperexponential is a London-headquartered SaaS provider of pricing decision intelligence for P&C insurers worldwide. The hxAI platform processes alternative data sources like telematics and weather patterns to build machine learning rating models, deployed by carriers in the UK, US, and Australia. It enables portfolio-level risk pricing adjustments, serving clients such as QBE and Aviva with rapid model iterations.
$1.7B
–
–
Acquired
41
OptalOptal is a payment solutions provider issuing Mastercard-branded products for complex industries worldwide. London-headquartered Optal streamlines cross-border transactions, boosting profitability in sectors like retail and travel through efficient processing.
$1.7B
$178M
9.6x
Acquired
42
EsureEsure is a Reigate-headquartered insurance provider in the United Kingdom that underwrites more than 2 million motor and home policies through its esure and Sheilas' Wheels brands. Customers access car, home, travel, and multicar coverage via online portals and telephone services nationwide. Founded in 2000 by Peter Wood as a direct insurer focused on car policies, the company launched Sheilas' Wheels in 2005 targeting female drivers. Bain Capital acquired Esure in 2018 for 1.5 billion pounds, bolstering its position in the competitive personal lines market across England, Scotland, Wales, and Northern Ireland.
$1.6B
$1.7B
1.0x
Acquired
43
TideLondon-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.
$1.5B
$225M
6.7x
Private
44
5ire5ire is a layer-1 blockchain platform that focuses on sustainability, building UN Sustainable Development Goals and ESG measures into the network. It was founded in 2021 by Pratik Gauri, Prateek Dwivedi and Vilma Mattila, and lists London as its headquarters.
$1.5B
–
–
Private
45
Mony GroupMony Group PLC operates a tech-led savings platform, driven by the purpose of helping households save money. Its comparison sites include MoneySuperMarket, TravelSuperMarket, and Icelolly making it easy to find deals and save money on household bills and financial products, from car, pet, travel, and home insurance to credit cards, loans, savings, pensions, mortgages, bank accounts, holidays, car hire, broadband and TV packages.
$1.4B
$599M
2.4x
Public
46
PaddlePaddle is a London-headquartered fintech platform serving as merchant of record for software companies worldwide. It manages subscription billing, global payments, sales tax compliance, VAT handling, and fraud prevention in over 200 countries. The service integrates with CRM systems, analytics tools, and developer platforms to streamline checkout flows and revenue recovery for SaaS providers.
$1.4B
$75M
18.7x
Private
47
9fin9fin is a London-based data and analytics provider for credit markets, serving finance, investment banking, and asset management professionals. The platform delivers tools for financial data analysis, risk assessment, market screening, and team collaboration on bond issuance, loans, and leveraged finance deals.
$1.3B
–
–
Private
48
SkrillSkrill is a London-headquartered digital wallet that processes online payments in over 40 currencies worldwide. Launched in 2001 as Moneybookers and rebranded in 2013, it belongs to the Paysafe Group and serves consumers for e-commerce purchases and international money transfers. Businesses leverage Skrill for merchant services, including prepaid cards and payment gateways tailored to iGaming and forex sectors. The platform supports instant transfers to bank accounts and cryptocurrencies like Bitcoin.
$1.2B
$332M
3.8x
Acquired
49
Allica BankAllica Bank is a London-headquartered digital bank for UK SMEs, launched in 2020. It offers savings accounts, fixed-term deposits, loans, and overdrafts through an app-based platform. Backed by investors including TCV, Allica serves businesses with turnover between £3 million and £100 million, maintaining branches in Manchester and Leeds for relationship banking.
$1.2B
$293M
4.1x
Private
50
GoCardlessGoCardless is a London-headquartered fintech that facilitates Direct Debit and bank payments for businesses handling domestic and international collections. The platform connects to over 2,300 banks across Europe and provides customer bank account data access for risk management and product enhancement. With offices in London, Paris, Riga, Melbourne, and New York, GoCardless supports more than 75,000 businesses globally including partnerships with Xero and Salesforce.
$1.2B
$168M
7.1x
Acquired
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Data and methodology
Underlying data
Public markets data is powered by FactSet (consensus analyst estimates), and Morningstar (historical data). Data points are calendarized to December where relevant: retrieved data on financial year ends (e.g. FY, FY+1 etc.) are mapped to calendar years (2025A, 2026E etc.) before the appropriate month weights are then applied to prior/future fundamentals.
Private transaction data is multi-sourced, aggregated from harvesting public information, 3rd party APIs, and data engineering. All data is verified and provided with an extensive manual process. If data permits, we apply our own logic to get to the EV. For example, for a large M&A deal with available information on the target's net debt, we might adjust a valuation to fully reflect an accurate EV. In all other cases, we take the reported valuation as the numerator. Financials: we source LTM revenue and LTM EBITDA data from company filings, press releases, or other verified sources. If LTM data is unavailable, we take the 'next best-fit' period (run-rate or calendar year), provided it makes sense in a given case. For example, if a deal closed in November 2025, we might take full-year 2025 revenue as a revenue benchmark.
Any raw figures are harmonised to USD for comparison purposes.
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